Borr Drilling Limited Announces Quarterly Dividend of $0.10 (NYSE:BORR)

Borr Drilling Limited (NYSE:BORR) declared a quarterly dividend on Friday, May 24th, Wall Street Journal reports. Investors of record on Monday, June 3rd will be paid a dividend of 0.10 per share on Monday, June 17th. This represents a $0.40 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Monday, June 3rd.

Borr Drilling Stock Up 5.9 %

NYSE BORR traded up $0.38 on Friday, reaching $6.84. The company had a trading volume of 3,949,364 shares, compared to its average volume of 2,090,367. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.65. The company’s fifty day moving average is $5.98 and its 200 day moving average is $6.33. Borr Drilling has a 52-week low of $5.19 and a 52-week high of $9.01. The stock has a market capitalization of $1.04 billion, a P/E ratio of 85.01 and a beta of 3.06.

Borr Drilling (NYSE:BORR) last announced its earnings results on Thursday, May 23rd. The company reported $0.06 EPS for the quarter. Borr Drilling had a net margin of 2.86% and a return on equity of 2.38%. The company had revenue of $234.00 million during the quarter.

Analysts Set New Price Targets

Separately, Evercore ISI dropped their target price on shares of Borr Drilling from $10.00 to $9.00 and set an “in-line” rating on the stock in a research report on Friday, February 23rd.

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.