Magnolia Oil & Gas Announces Quarterly Dividend
HOUSTON-(BUSINESS WIRE)-Oct 30, 2023-
Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors 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, payable on December 1, 2023 to shareholders of record as of November 9, 2023.
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/20231030771449/en/
CONTACT: Investors
Jim Johnson
713-842-9033
jjohnson@mgyoil.comTom Fitter
713-331-4802
tfitter@mgyoil.comMedia
Art Pike
713-842-9057
apike@mgyoil.com
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENERGY PROFESSIONAL SERVICES OIL/GAS FINANCE
SOURCE: Magnolia Oil & Gas Corporation
Copyright Business Wire 2023.
PUB: 10/30/2023 12:09 PM/DISC: 10/30/2023 12:10 PM
http://www.businesswire.com/news/home/20231030771449/en