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

Borr Drilling Limited (NYSE:BORR) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors 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 dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, November 29th.

Borr Drilling Stock Down 4.9 %

Borr Drilling stock opened at $3.63 on Wednesday. The firm has a 50-day moving average price of $4.81 and a two-hundred day moving average price of $5.75. Borr Drilling has a 52-week low of $3.61 and a 52-week high of $7.61. 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 issued its quarterly earnings data 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 business 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%.

Wall Street Analysts Forecast Growth

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 research note 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.