Borr Drilling Limited (NYSE:BORR) Announces $0.02 Quarterly Dividend

Borr Drilling Limited (NYSE:BORR) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.02 per share on Monday, December 16th. This represents a $0.08 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, November 29th.

Borr Drilling Price Performance

NYSE:BORR opened at $3.69 on Thursday. Borr Drilling has a one year low of $3.61 and a one year high of $7.61. The stock has a market cap of $562.73 million, a PE ratio of 11.18 and a beta of 3.01. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day moving average price of $4.77 and a 200 day moving average price of $5.73.

Borr Drilling (NYSE:BORR) last issued its earnings results on Wednesday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The company had revenue of $241.60 million during 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 target price on the stock in a report on Friday, September 13th.

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.