1. Borr Drilling declares $0.02 per share cash distribution for Q4 2024. 2. Ex-date for NYSE shares is March 3, 2025, with payment around March 19. 3. Euronext VPS shares have an ex-date of February 28, 2025. 4. The distribution highlights Borr's commitment to returning capital to shareholders. 5. Cash distributions can attract new investors and signal financial health.
The dividend payment indicates strong underlying financial performance, similar to past distributions boosting stock prices.
This cash distribution is significant for investor sentiment and reflects the company's solid capital position.
The impact will likely be felt around payment dates, similar to previous dividend announcements.
/PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.02 per share for the fourth quarter of 2024 to shareholders of record on March 3, 2025.
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.
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
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SOURCE Borr Drilling Limited