Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the fourth quarter 2024
Borr Drilling (NYSE: BORR) has announced a cash distribution of $0.02 per share for the fourth quarter of 2024. The distribution was approved by the Company's Board of Directors and will be paid to shareholders of record on March 3, 2025. For NYSE-traded shares, the ex-date is March 3, 2025, with payment expected around March 19, 2025.
For shareholders registered in Euronext VPS (Norwegian Central Security Depository), the ex-date is set for February 28, 2025, with payment expected around March 24, 2025.
Borr Drilling (NYSE: BORR) ha annunciato una distribuzione in contante di $0,02 per azione per il quarto trimestre del 2024. La distribuzione è stata approvata dal Consiglio di Amministrazione della Società e sarà pagata agli azionisti registrati il 3 marzo 2025. Per le azioni quotate al NYSE, la data di stacco è il 3 marzo 2025, con pagamento previsto intorno al 19 marzo 2025.
Per gli azionisti registrati in Euronext VPS (Deposito Centrale di Sicurezza Norvegese), la data di stacco è fissata per il 28 febbraio 2025, con pagamento previsto intorno al 24 marzo 2025.
Borr Drilling (NYSE: BORR) ha anunciado una distribución en efectivo de $0.02 por acción para el cuarto trimestre de 2024. La distribución fue aprobada por la Junta Directiva de la Compañía y se pagará a los accionistas registrados el 3 de marzo de 2025. Para las acciones cotizadas en NYSE, la fecha ex es el 3 de marzo de 2025, con el pago esperado alrededor del 19 de marzo de 2025.
Para los accionistas registrados en Euronext VPS (Depósito Central de Valores de Noruega), la fecha ex está fijada para el 28 de febrero de 2025, con el pago previsto alrededor del 24 de marzo de 2025.
Borr Drilling (NYSE: BORR)는 2024년 4분기 주당 $0.02의 현금 배당금을 발표했습니다. 이 배당금은 회사 이사회에서 승인되었으며, 2025년 3월 3일 기준 주주에게 지급될 예정입니다. NYSE에 상장된 주식의 경우, 배당락일은 2025년 3월 3일이며, 지급은 2025년 3월 19일 경에 예상됩니다.
Euronext VPS(노르웨이 중앙증권예탁소)에 등록된 주주를 위해 배당락일은 2025년 2월 28일로 설정되어 있으며, 지급은 2025년 3월 24일 경에 예상됩니다.
Borr Drilling (NYSE: BORR) a annoncé une distribution en espèces de $0,02 par action pour le quatrième trimestre de 2024. La distribution a été approuvée par le Conseil d'Administration de la Société et sera versée aux actionnaires enregistrés le 3 mars 2025. Pour les actions cotées à la NYSE, la date ex est le 3 mars 2025, avec un paiement prévu aux alentours du 19 mars 2025.
Pour les actionnaires enregistrés dans Euronext VPS (Dépositaire Central Norvégien), la date ex est fixée au 28 février 2025, avec un paiement prévu aux alentours du 24 mars 2025.
Borr Drilling (NYSE: BORR) hat eine Barauszahlung von $0,02 pro Aktie für das vierte Quartal 2024 angekündigt. Die Auszahlung wurde vom Vorstand des Unternehmens genehmigt und wird an die am 3. März 2025 registrierten Aktionäre gezahlt. Für an der NYSE gehandelten Aktien liegt das Ex-Datum am 3. März 2025, mit einer Zahlung, die um den 19. März 2025 erwartet wird.
Für Aktionäre, die bei Euronext VPS (Norwegische Zentralwertpapierverwahrung) registriert sind, ist das Ex-Datum auf den 28. Februar 2025 festgelegt, mit einer Zahlung, die um den 24. März 2025 erwartet wird.
- Declared quarterly dividend of $0.02 per share
- Maintains consistent shareholder return policy
- None.
Insights
The $0.02 per share quarterly dividend declaration represents a continued commitment to shareholder returns, though modest in scale. For a company with a market cap of approximately
The dual-listed nature of Borr Drilling, with shares traded on both NYSE and Euronext VPS, necessitates different ex-dividend and payment dates, reflecting the complexities of international securities settlement systems. The staggered payment schedule (March 19 for NYSE and March 24 for Euronext VPS) helps manage cash flow and administrative requirements effectively.
While the dividend amount may seem nominal, it's important to consider that offshore drilling companies typically prioritize capital preservation and debt management over aggressive shareholder returns, given the capital-intensive nature of their operations. The consistent dividend payment, even at this modest level, signals management's confidence in sustainable cash flow generation and operational stability.
For investors, this represents an annualized yield of approximately
For the shares traded on NYSE, the ex-date is March 3, 2025, and payment date will be on or about March 19, 2025.
For shareholders registered in Euronext VPS, the Norwegian Central Security Depository, the ex-date will be February 28, 2025 and payment date is expected to be on or about March 24, 2025.
CONTACT:
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
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SOURCE Borr Drilling Limited
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