Magnolia Oil & Gas Raises Quarterly Dividend by 15%

Dow Jones

2025/02/03

By Colin Kellaher

Magnolia Oil & Gas's board has raised the energy company's quarterly dividend by 15%, to 15 cents from 13 cents.

The new payout, equal to 60 cents a year, represents an annual yield of about 2.53% based on Friday's closing price of $23.70, up from 2.19%.

The Houston company on Monday said the increased dividend is payable March 3 to shareholders of record Feb. 14.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 03, 2025 07:15 ET (12:15 GMT)

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