Magnolia Oil & Gas Announces Quarterly Dividend

Rhea-AI Summary

Magnolia Oil & Gas (NYSE: MGY) declared a quarterly cash dividend of $0.13 per Class A common stock share and $0.13 per Class B unit, payable on June 3, 2024, to shareholders of record as of May 13, 2024.

Positive

• Quarterly cash dividend declared for shareholders
• Consistent dividend payment strategy enhances shareholder value

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly 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 June 3, 2024 to shareholders of record as of May 13, 2024.

About Magnolia Oil & Gas

Magnolia (MGY) 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 by delivering steady, moderate annual production growth resulting from its disciplined and efficient philosophy toward capital spending. The Company strives to generate high pre‐tax margins and consistent free cash flow allowing for strong cash returns to our shareholders. For more information, visit www.magnoliaoilgas.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240501801630/en/

Investors

Tom Fitter

713-331-4802

tfitter@mgyoil.com



Media

Art Pike

713-842-9057

apike@mgyoil.com

Source: Magnolia Oil & Gas Corporation

FAQ

What dividend did Magnolia Oil & Gas announce?

Magnolia Oil & Gas announced a quarterly cash dividend of $0.13 per share of Class A common stock and $0.13 per Class B unit.

When will the dividend be payable?

The dividend will be payable on June 3, 2024.

When is the record date for shareholders to receive the dividend?

The record date for shareholders to receive the dividend is May 13, 2024.