Magnolia Oil & Gas Corporation (MGY) Declares $0.18 Quarterly Dividend; 3.1% Yield

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Go back to Magnolia Oil & Gas Corporation (MGY) Declares $0.18 Quarterly Dividend; 3.1% Yield

Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase

July 29, 2026 7:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per common share, payable on September 1, 2026, to shareholders of record as of August 10, 2026. Todays announcement represents a 9 percent increase to Magnolias quarterly dividend rate providing an annualized dividend of $0.72 per share. The increase in the quarterly dividend rate was recently announced in conjunction with Magnolia entering into a definitive agreement to acquire WildFire Energy (the Acquisition). Closing of the Acquisition is expected to occur late in the third quarter of... More