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Video: What is a Stock Split?
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Borr Drilling is an offshore shallow-water drilling contractor providing offshore drilling services to the oil and gas industry. Co.'s primary business is the ownership, contracting and operation of 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 customers. Co. has several jack-up rigs, of which some rigs are warm stacked, meaning the rigs are kept ready for redeployment and retain a maintenance crew. According to our Borr Drilling stock split history records, Borr Drilling has had 1 split. | |
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Borr Drilling (BORR) has 1 split in our Borr Drilling stock split history database. The split for BORR took place on December 14, 2021. This was a 1 for 2 reverse split, meaning for each 2 shares of BORR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as Borr Drilling conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Borr Drilling stock split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Borr Drilling shares, starting with a $10,000 purchase of BORR, presented on a split-history-adjusted basis factoring in the complete Borr Drilling stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
07/31/2019 |
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End date: |
03/27/2024 |
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Start price/share: |
$19.54 |
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End price/share: |
$6.73 |
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Starting shares: |
511.77 |
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Ending shares: |
519.43 |
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Dividends reinvested/share: |
$0.10 |
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Total return: |
-65.04% |
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Average Annual Total Return: |
-20.19% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3,495.91 |
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Years: |
4.66 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/31/2019 |
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End date: |
03/27/2024 |
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Start price/share: |
$19.54 |
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End price/share: |
$6.73 |
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Dividends collected/share: |
$0.10 |
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Total return: |
-65.05% |
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Average Annual Total Return: |
-20.19% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3,495.91 |
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Years: |
4.66 |
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Date |
Ratio |
12/14/2021 | 1 for 2 |
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