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0 -0.000494315373208008 -0.000988630746416192 -0.0012357884330202 0.00247157686604057 0.00444883835887295 0.000988630746416192 0
Stock impact report

Borr Drilling aims to start paying dividends by 2020-chairman [Reuters]

Seadrill Limited Common Shares (SDRL) 
Last seadrill limited common shares earnings: 8/25 04:01 pm Check Earnings Report
US:NYSE Investor Relations: seadrill.com/investor-relations.aspx
Company Research Source: Reuters
Borr Drilling aims to start paying dividends by 2020-chairman | Reuters 3 Min Read OSLO, Sept 12 (Reuters) - Drilling rig contractor Borr Drilling aims to start paying dividends by 2020, the company’s founder and chairman, Tor Olav Troeim, said on Wednesday. Troeim, a former business partner of Norwegian billionaire John Fredriksen, founded Borr Drilling at the end of 2016 and the company has quickly grown into one of the largest owners of jack-up rigs which drill in the shallow waters. Schlumberger, the world’s top oil service firm, is Borr Drilling’s largest shareholder with a stake of 14.2 percent. “We have an ambition to return a significant part of cash back to shareholders quickly ... if we don’t pay dividends in 2020, we have failed,” Troeim told Reuters. “When we get all rigs contracted, there is no reason to sit on cash... We are not going to buy a lot of rigs, we are not going to strengthen the balance sheet,” he said on the sidelines of an oil conference. Borr Drilling said Show less Read more
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