5 Best Dividend Stocks with High Upside Potential

2. Borr Drilling Limited (NYSE:BORR)

Upside Potential as of April 15: 70.9%

Borr Drilling Limited (NYSE:BORR) is a drilling oil and gas wells company, based in Bermuda. The company offers a wide range of drilling services to the oil and gas industries. It initiated its dividend policy in December 2023 and currently offers a quarterly dividend of $0.05 per share, supporting a dividend yield of 1.72%, as of April 15. With an upside potential of nearly 71%, BORR is one of the best dividend stocks on our list.

Insider Monkey’s database of Q4 2023 indicated that 14 hedge funds held stakes in Borr Drilling Limited (NYSE:BORR), the same as in the previous quarter. These stakes have a total worth of nearly $100 million. Among these hedge funds, Orbis Investment Management owned the largest position in the company in Q4.

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