Borr Drilling Limited (BORR) to Issue Quarterly Dividend of $0.02 on March 19th

Borr Drilling Limited (NYSE:BORR) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.02 per share on Wednesday, March 19th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, March 3rd.

Borr Drilling Stock Performance

Shares of Borr Drilling stock opened at $2.54 on Friday. The firm’s fifty day simple moving average is $3.45 and its 200-day simple moving average is $4.39. The stock has a market capitalization of $641.56 million, a price-to-earnings ratio of 7.94 and a beta of 2.84. Borr Drilling has a 12 month low of $2.51 and a 12 month high of $7.26. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.41 and a quick ratio of 1.41.

Borr Drilling (NYSE:BORR) last announced its earnings results on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $263.10 million during the quarter, compared to analyst estimates of $247.78 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.

Borr Drilling Company Profile

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.