Borr Drilling Limited (BORR) to Issue Quarterly Dividend of $0.02 on December 16th

Borr Drilling Limited (NYSE:BORR) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.02 per share on Monday, December 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, November 29th.

Borr Drilling Stock Down 4.9 %

NYSE BORR opened at $3.63 on Wednesday. The business’s 50-day moving average price is $4.81 and its 200 day moving average price is $5.75. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. Borr Drilling has a twelve month low of $3.61 and a twelve month high of $7.61.

Borr Drilling (NYSE:BORR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $241.60 million for the quarter. Borr Drilling had a return on equity of 8.50% and a net margin of 8.70%.

Analyst Ratings Changes

Separately, Evercore ISI upgraded shares of Borr Drilling from an “in-line” rating to an “outperform” rating and set a $9.00 price objective on the stock in a report on Friday, September 13th.

About Borr Drilling

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.