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Magnolia Oil & Gas Corporation (NYSE: MGY) has announced a quarterly cash dividend of $0.10 per share for Class A common stock and $0.10 per Class B unit. This dividend is payable on December 1, 2022, to shareholders recorded by November 7, 2022. Magnolia operates mainly in South Texas, focusing on the Eagle Ford Shale and Austin Chalk formations, aiming to generate shareholder value through production growth and free cash flow.
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Declared a quarterly cash dividend of $0.10 per share.
Focus on generating shareholder value through production growth and free cash flow.
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None.
HOUSTON--(BUSINESS WIRE)--
Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a regular quarterly 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 December 1, 2022 to shareholders of record as of November 7, 2022.
About Magnolia Oil & Gas Corporation Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
