NOG Declares $0.42 Quarterly Cash Dividend, 5% Increase Year-over-Year; Announces 2025 Dividend Plan Targeting 10% Increase Year-over-Year
Northern Oil and Gas (NYSE: NOG) has declared a quarterly cash dividend of $0.42 per share, maintaining the previous quarter's level and representing a 5% increase from the prior year. The dividend is payable on January 31, 2025, to stockholders of record as of December 30, 2024. The company announced plans to increase dividends to $0.45 per share throughout 2025, which would represent a ~10% year-over-year increase versus 2024, subject to board approval and market conditions.
Northern Oil and Gas (NYSE: NOG) ha dichiarato un dividendo in contante trimestrale di 0,42 dollari per azione, mantenendo il livello del trimestre precedente e rappresentando un aumento del 5% rispetto all'anno scorso. Il dividendo sarà pagabile il 31 gennaio 2025 agli azionisti registrati al 30 dicembre 2024. La compagnia ha annunciato piani per aumentare i dividendi a 0,45 dollari per azione per tutto il 2025, che rappresenterebbe un incremento di circa il 10% rispetto all'anno precedente, soggetto all'approvazione del consiglio e alle condizioni di mercato.
Northern Oil and Gas (NYSE: NOG) ha declarado un dividendo en efectivo trimestral de $0.42 por acción, manteniendo el nivel del trimestre anterior y representando un aumento del 5% en comparación con el año pasado. El dividendo se pagará el 31 de enero de 2025 a los accionistas registrados hasta el 30 de diciembre de 2024. La compañía ha anunciado planes para aumentar los dividendos a $0.45 por acción durante 2025, lo que representaría un aumento de aproximadamente el 10% en comparación con 2024, sujeto a la aprobación de la junta y las condiciones del mercado.
노던 오일 앤 가스 (NYSE: NOG)는 주당 0.42달러의 분기 현금 배당금을 선언하며, 이는 지난 분기 수준을 유지하고 이전 연도 대비 5% 증가한 것입니다. 배당금은 2025년 1월 31일에 2024년 12월 30일 기준 주주에게 지급됩니다. 이 회사는 2025년 동안 배당금을 주당 0.45달러로 인상할 계획을 발표했으며, 이는 2024년 대비 연간 약 10% 증가하는 것을 의미하며, 이 모든 것은 이사회의 승인 및 시장 상황에 따라 달라질 수 있습니다.
Northern Oil and Gas (NYSE: NOG) a déclaré un dividende trimestriel en espèces de 0,42 $ par action, maintenant le niveau du trimestre précédent et représentant une augmentation de 5 % par rapport à l'année précédente. Le dividende sera payable le 31 janvier 2025 aux actionnaires enregistrés au 30 décembre 2024. La société a annoncé des projets d'augmentation des dividendes à 0,45 $ par action tout au long de 2025, ce qui représenterait une augmentation d'environ 10 % par rapport à 2024, sous réserve de l'approbation du conseil d'administration et des conditions du marché.
Northern Oil and Gas (NYSE: NOG) hat eine vierteljährliche Bardividende von 0,42 Dollar pro Aktie erklärt, wobei das Niveau des vorhergehenden Quartals beibehalten und eine Steigerung von 5% im Vergleich zum Vorjahr darstellt. Die Dividende ist am 31. Januar 2025 an die Aktionäre auszuzahlen, die am 30. Dezember 2024 registriert sind. Das Unternehmen hat Pläne angekündigt, die Dividende im Jahr 2025 auf 0,45 Dollar pro Aktie zu erhöhen, was eine ~10%ige Steigerung im Vergleich zu 2024 darstellen würde, vorbehaltlich der Genehmigung durch den Vorstand und der Marktbedingungen.
- Declared quarterly dividend of $0.42 per share, up 5% year-over-year
- Planned 10% dividend increase for 2025 to $0.45 per share
- Demonstrates commitment to shareholder returns while maintaining prudent payout ratio
- Dividend increases subject to board approval and market conditions
- Future dividends dependent on commodity prices and corporate performance
DIVIDEND DECLARATION
NOG’s Board of Directors has declared a cash dividend in the amount of
2025 DIVIDEND PLAN
As previously stated, NOG plans to set dividend policy once per year, no later than the declaration date for the first quarter dividend of any given calendar year, with the potential for interim modifications driven by material changes in realized commodity prices, significant corporate actions or other events.
NOG currently anticipates increasing the next quarterly dividend to
MANAGEMENT COMMENTS
“As NOG continues to grow, we believe that our investors deserve an increased portion of the Company’s cash flows in the form of shareholder returns,” commented Nick O’Grady, NOG’s Chief Executive Officer. “Our dividend policy demonstrates NOG’s superior total return model, supporting a double-digit annualized dividend increase alongside a prudent payout ratio and robust growth prospects.”
ABOUT NOG
NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous
SAFE HARBOR
This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts included or referenced in this press release regarding NOG’s dividend plans and practices (including timing, amounts and relative performance), financial position, business strategy, plans and objectives for future operations, industry conditions, cash flow, and borrowings are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond NOG’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in NOG’s capitalization, changes in crude oil and natural gas prices; the pace of drilling and completions activity on NOG’s properties and properties pending acquisition; NOG’s ability to acquire additional development opportunities; the projected capital efficiency savings and other operating efficiencies and synergies resulting from NOG’s acquisition transactions; integration and benefits of property acquisitions, or the effects of such acquisitions on NOG’s cash position and levels of indebtedness; changes in NOG’s reserves estimates or the value thereof; general economic or industry conditions, nationally and/or in the communities in which NOG conducts business; changes in the interest rate environment or market dividend practices; legislation or regulatory requirements; conditions of the securities markets; NOG’s ability to raise or access capital; changes in accounting principles, policies or guidelines; and financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting NOG’s operations, products, services and prices. Additional information concerning potential factors that could affect future plans and results is included in the section entitled “Item 1A. Risk Factors” and other sections of NOG’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as updated from time to time in amendments and subsequent reports filed with the SEC, which describe factors that could cause NOG’s actual results to differ from those set forth in the forward-looking statements.
NOG has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond NOG’s control. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as may be required by applicable law or regulation, NOG does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241126492424/en/
Evelyn Leon Infurna
Vice President of Investor Relations
952-476-9800
ir@noginc.com
Source: Northern Oil and Gas, Inc.
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