Northern Oil And Gas (NOG) Raises Quarterly Dividend 31.6% to $0.25, Provides Update on Buyback Plan

Northern Oil And Gas (NYSE: NOG) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 31.6% increase from the prior dividend of $0.19. The dividend will be payable on October 31, 2022, to stockholders of record on September 29, 2022, with an ex-dividend date of September 28, 2022. The annual yield on the dividend is 3.5 percent.

NOG repurchased approximately $12.8 million worth of common stock in the second quarter of 2022, an increase of $2.8 million from the most recent public announcement. In the second quarter, the company repurchased 447,051 shares at an average price of $28.65 per share.

In the third quarter-to-date, the Company has repurchased an additional $7.2 million worth of common stock. The company repurchased an additional 309,126 shares at an average price of $23.26 per share.

In total, year-to-date, the Company has repurchased 756,177 common shares at an average price of $26.45 for a total of $20.0 million and has $130.0 million remaining on its existing common stock repurchase authorization.

For a dividend history and other dividend-related data on Northern Oil And Gas (NOG) click here.

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