Magnolia Oil & Gas Announces 15 Percent Dividend Increase [Yahoo! Finance]
Magnolia Oil & Gas Corporation Class A (MGY)
Last magnolia oil & gas corporation class a earnings: 2/19 04:11 pm
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Source: Yahoo! Finance
In This Article MGY HOUSTON, February 03, 2025 BUSINESS WIRE )--Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a cash dividend of $0.15 per share of Class A common stock, and a cash distribution of $0.15 per Class B unit, payable on March 3, 2025, to shareholders of record as of February 14, 2025. Today's announcement represents a 15 percent increase to Magnolia's quarterly dividend rate and provides an annualized dividend of $0.60 per share. This is the fourth consecutive year that Magnolia has increased its dividend rate since initiating a dividend payment in 2021. Magnolia expects to declare its next quarterly dividend in May for payment in June. "The increase in the dividend is supported by Magnolia's achievements during 2024 which included total production growth of 9 percent, a 5 percent reduction in the total shares outstanding, and strong progress on lowering our field-level cash operating costs," said Chris Stavros,
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MGY
News
- Magnolia Oil & Gas (NYSE:MGY) was upgraded by analysts at Mizuho from a "neutral" rating to an "outperform" rating.MarketBeat
- Magnolia Oil & Gas (NYSE:MGY) was given a new $29.00 price target on by analysts at Mizuho.MarketBeat
- Magnolia Oil & Gas Corp (MGY) Up 2.3% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Magnolia Oil & Gas (NYSE:MGY) had its price target lowered by analysts at Piper Sandler from $25.00 to $23.00. They now have a "neutral" rating on the stock.MarketBeat
- Magnolia Oil & Gas (NYSE:MGY) had its price target raised by analysts at Mizuho from $25.00 to $26.00. They now have a "neutral" rating on the stock.MarketBeat
MGY
Earnings
- 10/29/25 - Miss
MGY
Sec Filings
- 12/2/25 - Form 4
- 11/12/25 - Form 4
- 11/10/25 - Form SCHEDULE
- MGY's page on the SEC website