Borr Drilling Limited
BORRBorr Drilling Limited (BORR) is a global provider of offshore shallow and deepwater drilling services. The company specializes in ultra-deepwater and harsh-environment drilling rigs, serving major oil and gas operators worldwide. Founded in 2017 and headquartered in Bermuda, Borr Drilling focuses on operating modern, reliable drilling rigs primarily used for exploration and development activities in challenging offshore locations.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| March 19, 2025 | $0.02 | 2025-03-03 | 2025-03-03 |
| December 16, 2024 | $0.02 | 2024-11-28 | 2024-11-29 |
| September 6, 2024 | $0.10 | 2024-08-21 | 2024-08-22 |
Dividends Summary
- Consistent Payer: Borr Drilling Limited has rewarded shareholders with 3 dividend payments over the past 1 years.
- Total Returned Value: Investors who held BORR shares during this period received a total of $0.14 per share in dividend income.
- Latest Payout: The most recent dividend of $0.02/share was paid 310 days ago, on March 19, 2025.
- Dividend Growth: Since 2024, the dividend payout has decreased by 80.0%, from $0.10 to $0.02.
Company News
Borr Drilling reported strong Q2 2025 results, securing $102.5 million in equity, expanding credit facilities, and maintaining high rig utilization amid global market shifts. The company is strategically positioning itself for growth and potential industry consolidation.
Borr Drilling Limited announced a cash distribution of US$0.02 per share for the fourth quarter of 2024, with ex-dates and payment dates for shares traded on NYSE and Euronext VPS.
Several large-cap stocks, including Super Micro Computer, Estee Lauder, and Li Auto, experienced significant declines last week due to various factors such as auditor resignation, earnings misses, and weaker-than-expected demand.
Norway's stock market closed lower on Tuesday, with the Oslo OBX index declining 0.49%. The best performers were TGS NOPEC Geophysical Company, Hoegh Autoliners, and Kongsberg Gruppen, while the worst performers were DnB, Borr Drilling, and Norwegian Air Shuttle.
While the company missed profit estimates, it reaffirmed full-year guidance and doubled its dividend.
