Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase

Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase

Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per common share, payable on September 1, 2026, to shareholders of record as of August 10, 2026. Today’s announcement represents a 9 percent increase to Magnolia’s quarterly dividend rate providing an annualized dividend of $0.72 per share. The increase in the quarterly dividend rate was recently announced in conjunction with Magnolia entering into a definitive agreement to acquire WildFire Energy (the “Acquisition”). Closing of the Acquisition is expected to occur late in the third quarter of 2026.