BORR - NYSE
Borr Drilling Limited
$5.06
-5.4%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.
At a Glance
Live SnapshotBorr Drilling Limited Dividend History
BORR Dividend Payment History
Total Payments
6
Latest Dividend
$0.0200
Annual Amount
$0.2400
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
N/A | Mar 3, 2025 | Mar 19, 2025 | $0.0200 | $0.0200 | Quarterly | 0.00% |
N/A | Nov 29, 2024 | Dec 16, 2024 | $0.0200 | $0.0200 | Quarterly | -80.00% |
N/A | Aug 22, 2024 | Sep 6, 2024 | $0.1000 | $0.1000 | Quarterly | 0.00% |
N/A | Jun 3, 2024 | Jun 20, 2024 | $0.1000 | $0.1000 | Quarterly | +100.00% |
Feb 23, 2024 | Mar 4, 2024 | Mar 18, 2024 | $0.0500 | $0.0500 | Quarterly | 0.00% |
Dec 26, 2023 | Jan 3, 2024 | Jan 25, 2024 | $0.0500 | $0.0500 | Quarterly | - |
Borr Drilling Limited Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Excellent FCF coverage. Dividend is well-supported by actual cash generation with ample room for increases and business reinvestment.
Dividend Growth
Strong dividend growth demonstrates management confidence and business strength. Excellent signal for long-term dividend investors.
Sustainability
Highly sustainable dividend with strong coverage, growing payouts, and solid cash generation. Low risk of dividend cuts.
Key Insight
Dividend aristocrat potential: Conservative payout ratios combined with consistent growth suggest management prioritizes sustainable, long-term shareholder returns. Excellent foundation for dividend compounding.
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