Magnolia Oil & Gas Announces Quarterly Dividend
Magnolia Oil & Gas Corporation (NYSE: MGY) has declared a quarterly cash dividend of $0.115 per share of Class A common stock and a cash distribution of $0.115 per Class B unit. The dividend and distribution will be paid on December 1, 2023, to shareholders of record as of November 9, 2023.
10/30/2023 - 12:09 PM
HOUSTON --(BUSINESS WIRE)--
Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.11 5$0.11 5
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 .
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Source: Magnolia Oil & Gas Corporation
What is the dividend declared by Magnolia Oil & Gas Corporation?
Magnolia Oil & Gas Corporation has declared a quarterly cash dividend of $0.115 per share of Class A common stock and a cash distribution of $0.115 per Class B unit.
When will the dividend and distribution be paid?
The dividend and distribution will be paid on December 1, 2023.
Who will receive the dividend and distribution?
The dividend and distribution will be paid to shareholders of record as of November 9, 2023.
What is the ticker symbol of Magnolia Oil & Gas Corporation?
The ticker symbol of Magnolia Oil & Gas Corporation is MGY.
MGY Rankings
#2996 Ranked by Stock Gains
MGY Stock Data
Industry
Crude Petroleum and Natural Gas Extraction
Sector
Mining, Quarrying, and Oil and Gas Extraction
Tags
Finance, Financial Conglomerates, Oil & Gas Production, Energy Minerals
About MGY
magnolia oil & gas corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the united states. the company's properties are located primarily in karnes county and the giddings field in south texas principally comprising the eagle ford shale and the austin chalk formation. as of december 31, 2019, its assets consisted of a total leasehold position of 450,854 net acres, including 22,088 net acres in karnes, gonzales, dewitt, and atascosa counties, texas; 428,766 net acres in the giddings field; and approximately 1,141 net wells with a total production capacity of 66.8 thousand barrels of oil equivalent per day. the company is headquartered in houston, texas.
