Magnolia Oil & Gas Corporation (MGY) Declares $0.13 Quarterly Dividend; 2.6% Yield

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Go back to Magnolia Oil & Gas Corporation (MGY) Declares $0.13 Quarterly Dividend; 2.6% Yield

Magnolia Oil & Gas Announces 13 Percent Dividend Increase

February 5, 2024 7:00 AM EST

HOUSTON--(BUSINESS WIRE)-- Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a cash dividend of $0.13 per share of Class A common stock, and a cash distribution of $0.13 per Class B unit, payable on March 1, 2024, to shareholders of record as of February 16, 2024. Todays announcement represents a 13 percent increase to Magnolias quarterly dividend rate and would provide an annualized dividend of $0.52 per share. This is the third consecutive year that Magnolia has increased its dividend rate since initiating a dividend payment in 2021. Magnolia expects to declare... More