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Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up 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. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.

Borr Drilling Dividend Announcement

• Borr Drilling announced a quarterly dividend of $0.02 per ordinary share which will be made payable on 2024-12-19. Ex dividend date: 2024-11-28
• Borr Drilling annual dividend for 2024 was $0.32
• Borr Drilling's trailing twelve-month (TTM) dividend yield is 8.79%
• Borr Drilling's payout ratio for the trailing twelve months (TTM) is 84.25%

Borr Drilling Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-11-28$0.02quarterly2024-12-19
2024-08-21$0.10quarterly2024-09-11
2024-05-31$0.10quarterly2024-06-20
2024-03-01$0.05quarterly2024-03-18
2024-01-02$0.05quarterly2024-01-25

Borr Drilling Dividend per year

Borr Drilling Dividend Yield

Borr Drilling current trailing twelve-month (TTM) dividend yield is 8.79%. Interested in purchasing Borr Drilling stock? Use our calculator to estimate your expected dividend yield:

Borr Drilling Financial Ratios

P/E ratio10.82
PEG ratio2.23
P/B ratio0.92
ROE8.51%
Payout ratio84.25%
Current ratio1.41
Quick ratio1.41
Cash Ratio0.45

Borr Drilling Dividend FAQ

Does Borr Drilling stock pay dividends?
Borr Drilling does not currently pay dividends to its shareholders.
Has Borr Drilling ever paid a dividend?
No, Borr Drilling has no a history of paying dividends to its shareholders. Borr Drilling is not known for its dividend payments.
Why doesn't Borr Drilling pay dividends?
There are several potential reasons why Borr Drilling would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Borr Drilling ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Borr Drilling has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Borr Drilling a dividend aristocrat?
Borr Drilling is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Borr Drilling a dividend king?
Borr Drilling is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Borr Drilling a dividend stock?
No, Borr Drilling is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Borr Drilling stocks?
To buy Borr Drilling you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Borr Drilling stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.