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

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 paid a dividend of 0.02 per share on Monday, December 16th. This represents a $0.08 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, November 29th.

Borr Drilling Stock Up 1.9 %

BORR opened at $3.69 on Thursday. 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 has a fifty-two week low of $3.61 and a fifty-two week high of $7.61. The company has a fifty day moving average of $4.77 and a two-hundred day moving average of $5.73. The stock has a market capitalization of $562.73 million, a price-to-earnings ratio of 11.18 and a beta of 3.01.

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

Analyst Upgrades and Downgrades

Separately, Evercore ISI upgraded 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.