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

Borr Drilling Limited (NYSE:BORR) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be given a dividend of 0.02 per share on Wednesday, March 19th. This represents a $0.08 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Monday, March 3rd.

Borr Drilling Price Performance

Shares of BORR stock traded up $0.09 during midday trading on Thursday, reaching $3.07. 9,242,126 shares of the company were exchanged, compared to its average volume of 5,771,514. The company’s 50 day moving average price is $3.58 and its two-hundred day moving average price is $4.53. The company has a market cap of $774.16 million, a P/E ratio of 9.29 and a beta of 2.84. Borr Drilling has a 12 month low of $2.90 and a 12 month high of $7.26. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current 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 the consensus estimate of $0.11 by ($0.01). The firm had revenue of $263.10 million for the quarter, compared to the consensus estimate of $247.78 million. Borr Drilling had a return on equity of 8.50% and a net margin of 8.70%.

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.