Borr Drilling Limited (BORR) to Issue Quarterly Dividend of $0.10 on September 11th

Borr Drilling Limited (NYSE:BORR) announced a quarterly dividend on Saturday, August 17th, investing.com reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.10 per share on Wednesday, September 11th. This represents a $0.40 annualized dividend and a yield of 6.40%. The ex-dividend date is Thursday, August 22nd.

Borr Drilling Stock Performance

Shares of NYSE BORR opened at $6.25 on Tuesday. Borr Drilling has a twelve month low of $5.19 and a twelve month high of $7.80. The stock has a market cap of $953.13 million, a price-to-earnings ratio of 36.76 and a beta of 3.07. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The company’s fifty day moving average is $6.40 and its 200-day moving average is $6.26.

Borr Drilling (NYSE:BORR) last posted its earnings results on Thursday, May 23rd. The company reported $0.06 earnings per share for the quarter. Borr Drilling had a return on equity of 4.62% and a net margin of 5.27%. The firm had revenue of $234.00 million for the quarter.

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.