Northern Oil and Gas Plans Q3 Dividend Boost By 5% To $0.42/Share
Portfolio Pulse from Benzinga Newsdesk
Northern Oil and Gas (NOG) plans to increase its Q3 dividend by 5% to $0.42 per share. The company repurchased 895,076 shares in Q2 2024 and 1,444,432 shares in H1 2024, allocating $55 million to share repurchases and $80 million to dividends year-to-date. NOG's Board approved a new $150 million stock repurchase authorization in July 2024.
July 29, 2024 | 11:08 am
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Northern Oil and Gas (NOG) plans to increase its Q3 dividend by 5% to $0.42 per share, reflecting strong cash flow and a robust business outlook. The company has also repurchased a significant number of shares and approved a new $150 million stock repurchase authorization.
The planned dividend increase and significant share repurchases indicate strong financial health and shareholder returns, likely boosting investor confidence and positively impacting NOG's stock price in the short term.
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