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. Its 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, 2021, the company's assets consisted of a total leasehold position of 4,71,263 net acres, including 23,785 net acres in Karnes and 4,47,478 net acres in the Giddings area, as well as holds 1,292 net wells with a total production capacity of 66.0 thousand barrels of oil equivalent per day. The company was incorporated in 2017 and is headquartered in Houston, Texas.
Magnolia Oil & Gas Dividend Announcement
• Magnolia Oil & Gas announced a quarterly dividend of $0.13 per ordinary share which will be made payable on 2024-12-02. Ex dividend date: 2024-11-08
• Magnolia Oil & Gas annual dividend for 2024 was $0.52
• Magnolia Oil & Gas annual dividend for 2023 was $0.46
• Magnolia Oil & Gas's trailing twelve-month (TTM) dividend yield is 2.37%
• Magnolia Oil & Gas's payout ratio for the trailing twelve months (TTM) is 24.84%
Magnolia Oil & Gas Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.13 | quarterly | 2024-12-02 |
2024-08-09 | $0.13 | quarterly | 2024-09-03 |
2024-05-10 | $0.13 | quarterly | |
2024-02-15 | $0.13 | quarterly | 2024-03-01 |
2023-11-08 | $0.12 | quarterly | 2023-12-01 |
2023-08-09 | $0.12 | quarterly | 2023-09-01 |
2023-05-10 | $0.12 | quarterly | 2023-06-01 |
2023-02-09 | $0.12 | quarterly | 2023-03-01 |
2022-11-04 | $0.10 | quarterly | 2022-12-01 |
2022-08-11 | $0.10 | quarterly | 2022-09-01 |
2022-02-11 | $0.20 | quarterly | 2022-03-01 |
2021-08-11 | $0.08 | quarterly | 2021-09-01 |
Magnolia Oil & Gas Dividend per year
Magnolia Oil & Gas Dividend growth
Magnolia Oil & Gas Dividend Yield
Magnolia Oil & Gas current trailing twelve-month (TTM) dividend yield is 2.37%. Interested in purchasing Magnolia Oil & Gas stock? Use our calculator to estimate your expected dividend yield:
Magnolia Oil & Gas Financial Ratios
Magnolia Oil & Gas Dividend FAQ
Other factors to consider when evaluating Magnolia Oil & Gas as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Magnolia Oil & Gas's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Magnolia Oil & Gas publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Magnolia Oil & Gas distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Magnolia Oil & Gas are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Magnolia Oil & Gas sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Magnolia Oil & Gas distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Magnolia Oil & Gas declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Magnolia Oil & Gas's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Magnolia Oil & Gas's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.