Magnolia Oil & Gas Corporation (MGY) Declares $0.10 Quarterly Dividend; 1.7% Yield

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Go back to Magnolia Oil & Gas Corporation (MGY) Declares $0.10 Quarterly Dividend; 1.7% Yield

Magnolia Oil & Gas Increases Dividend and Moves to Quarterly from Semi-Annual Payout

August 2, 2022 12:17 PM EDT

HOUSTON--(BUSINESS WIRE)-- Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a cash dividend of $0.10 per share of Class A common stock, and a cash distribution of $0.10 per Class B unit payable on September 1, 2022 to shareholders of record as of August 12, 2022. In addition, and beginning with this distribution, Magnolia will move to a quarterly dividend payment from a semi-annual distribution schedule. Todays announcement represents a $0.40 per share annualized rate or a 43 percent increase to Magnolias dividend compared to the $0.28 per share distribution for full year 2021.... More