Borr Drilling Limited (BORR) to Issue Quarterly Dividend of $0.02 on December 16th

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 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, November 29th.

Borr Drilling Stock Down 2.7 %

BORR opened at $3.96 on Friday. Borr Drilling has a 12 month low of $3.76 and a 12 month high of $7.61. The firm’s fifty day simple moving average is $5.15 and its 200 day simple moving average is $5.86. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.75.

Borr Drilling (NYSE:BORR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $241.60 million during the quarter. Borr Drilling had a net margin of 8.70% and a return on equity of 8.50%.

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 target on the stock in a research 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.