Magnolia Oil & Gas Announces Quarterly Dividend

Rhea-AI Summary

Magnolia Oil & Gas (NYSE: MGY) has declared a quarterly cash dividend of $0.13 per share for both Class A common stock and Class B units. The dividend will be paid on December 2, 2024, to shareholders of record as of November 8, 2024.

Positive

• Maintains consistent dividend payment of $0.13 per share
• Equal dividend distribution across both share classes

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 December 2, 2024 to shareholders of record as of November 8, 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/20241028186956/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 is Magnolia Oil & Gas (MGY) quarterly dividend amount for Q4 2024?

Magnolia Oil & Gas (MGY) declared a quarterly dividend of $0.13 per share for both Class A common stock and Class B units.

When is the payment date for MGY's latest dividend?

The dividend payment date is December 2, 2024.

What is the record date for Magnolia Oil & Gas (MGY) Q4 2024 dividend?

The record date for MGY's dividend is November 8, 2024.

Do MGY Class A and Class B shares receive the same dividend amount?

Yes, both Class A common stock and Class B units receive the same dividend amount of $0.13 per share.