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

Borr Drilling Limited (NYSE:BORR) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, November 29th.

Borr Drilling Stock Performance

Shares of BORR stock opened at $3.96 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.57 and a current ratio of 1.57. Borr Drilling has a fifty-two week low of $3.76 and a fifty-two week high of $7.61. The business has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $5.86.

Borr Drilling (NYSE:BORR) last issued 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 business had revenue of $241.60 million during the quarter. Borr Drilling had a net margin of 8.15% and a return on equity of 7.69%.

Analysts Set New Price Targets

Separately, Evercore ISI raised shares of Borr Drilling from an “in-line” rating to an “outperform” rating and set a $9.00 price objective for the company in a research note 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.