Borr Drilling Limited Announces Q4 2024 Cash Distribution Details

Author: Olivia Taylor Updated: 02-19-2025 04:39 PM

Borr Drilling Limited Announces Fourth Quarter Cash Distribution

Borr Drilling Limited (NYSE: BORR) has informed its shareholders about a significant cash distribution for the fourth quarter of 2024. The Company's Board of Directors has authorized a cash distribution of US$0.02 per share. This distribution pertains to those shareholders who are on record as of March 3, 2025.

Key Dates for Shareholders

For shareholders trading on the NYSE, it is crucial to note that the ex-dividend date is set for March 3, 2025. This means that any purchase made after this date will not qualify for the upcoming cash distribution. Furthermore, the payment date for this dividend is expected to be conducted around March 19, 2025, giving shareholders a prompt return on their investment.

Euronext VPS Shareholders

For those shareholders registered in the Euronext VPS system, the ex-date is slightly different. It has been set for February 28, 2025. This variation is important for shareholders due to the discrepancies in trading timelines across different exchanges. The corresponding payment for these shareholders is anticipated to be made on or about March 24, 2025.

Contact Information for Queries

Should there be any questions or need for clarification regarding the cash distribution, shareholders are encouraged to reach out to Magnus Vaaler, CFO at Borr Drilling Limited. He is accessible at the phone number +44 1224 289208. This provides a direct line for shareholders to obtain further information regarding the dividend processes.

Conclusion

In conclusion, Borr Drilling Limited continues to focus on providing value to its shareholders through regular cash distributions. This proactive approach not only reinforces shareholder confidence but also emphasizes the Company's robust financial health. With the impending cash distribution for Q4 2024, investors can look forward to a rewarding experience as they navigate their investment journey with Borr Drilling Limited.

Frequently Asked Questions

What is the amount of the cash distribution announced?

The cash distribution announced by Borr Drilling Limited is US$0.02 per share for the fourth quarter of 2024.

When is the ex-dividend date for shareholders on NYSE?

The ex-dividend date for shareholders trading on the NYSE is March 3, 2025.

What date can shareholders expect payment for the dividend?

Shareholders on the NYSE can expect payment on or about March 19, 2025.

What is the ex-date for shareholders registered in Euronext VPS?

The ex-dividend date for shareholders registered in Euronext VPS is February 28, 2025.

How can shareholders get more information regarding the dividend?

Shareholders can contact Magnus Vaaler, CFO of Borr Drilling Limited, at +44 1224 289208 for further inquiries.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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