Magnolia Oil & Gas Corporation
MGYEnergy · Oil & Gas E&P · Stock · quarterly payer
Forward Yield
2.60%
Annual Dividend
$0.66
Payout Ratio
28%
5-Yr Growth
—
Ex-Date
Aug 10, 2026
Frequency
Quarterly
Key facts about MGY's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Magnolia Oil & Gas Corporation (MGY) has a forward dividend yield of 2.60%, based on an annual dividend of $0.66 per share and a share price of $25.35.
- As of Oct 18, 2026, MGY's dividend safety grade from SmarterDividends is B (76 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Magnolia Oil & Gas Corporation (MGY) has raised its dividend for 4 consecutive years as of Oct 18, 2026.
- MGY has never cut its regular dividend in the payment history SmarterDividends has on record.
- MGY's most recent ex-dividend date was Aug 10, 2026, for a dividend of $0.18 per share.
- As of Oct 18, 2026, MGY pays out 28% of its trailing 12-month earnings as dividends (its payout ratio).
- As of Oct 18, 2026, MGY's 2.60% yield is 44% above its five-year average yield of 1.81%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MGY is $22.25 per share, 12% below the $25.35 share price, so MGY screens as fairly valued.
- Magnolia Oil & Gas Corporation (MGY) pays its dividend quarterly, 4 times a year.
- Magnolia Oil & Gas Corporation (MGY) has raised its regular dividend 6 times and cut it 0 times across the 19 payments on record since 2021. Its most recent change was a 9.1% increase to $0.180 per share, going ex-dividend on Aug 10, 2026.
Cite this page
SmarterDividends, "MGY Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MGY
Summary
As of Oct 18, 2026, Magnolia Oil & Gas Corporation (MGY) yields 2.60% ($0.66 a year per share), has a dividend safety grade of B (76/100) and has 4 consecutive years of dividend increases on record.
Is MGY a good dividend stock?
YesMagnolia Oil & Gas Corporation (MGY) pays a quarterly dividend yielding 2.60% ($0.66/yr), with 4 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (28%)
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.60%
- Payout Ratio
- 28%
- Annual Dividend
- $0.66
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 10, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.79
- Market Cap
- $7.0B
- P/E Ratio
- 11.1
- 5-Yr Total Return
- 34%
- 52-Week Range
- $21.07 – $32.76
- Dividend Safety
- B · 76/100
- Ever Cut?
- No
MGY dividend raises and cuts
Magnolia Oil & Gas Corporation (MGY) has raised its regular dividend 6 times and cut it 0 times across the 19 payments on record since 2021. Its most recent change was a 9.1% increase to $0.180 per share, going ex-dividend on Aug 10, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 10, 2026 | Raise | $0.165 → $0.180 | +9.1% |
| Feb 10, 2026 | Raise | $0.150 → $0.165 | +10.0% |
| Feb 14, 2025 | Raise | $0.130 → $0.150 | +15.4% |
| Feb 15, 2024 | Raise | $0.115 → $0.130 | +13.0% |
| Feb 9, 2023 | Raise | $0.100 → $0.115 | +15.0% |
| Aug 11, 2022 | Raise | $0.0800 → $0.100 | +25.0% |
Frequently Asked Questions
Is MGY a good dividend stock?
Yes. Magnolia Oil & Gas Corporation (MGY) pays a quarterly dividend yielding 2.60% ($0.66/yr), with 4 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is MGY undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MGY's fair value is about $22.25 versus a $25.35 share price — so it looks fairly valued (-12% vs. fair value).
Is MGY's dividend safe?
MGY has a dividend-safety grade of B (76/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is MGY's fair value?
Our blended fair-value estimate for MGY is about $22.25 per share, about 12% below the current $25.35 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is MGY a buy, hold, or sell?
We don't issue formal ratings, but on the data MGY screens as "yes" and fairly valued. Magnolia Oil & Gas Corporation (MGY) pays a quarterly dividend yielding 2.60% ($0.66/yr), with 4 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will MGY cut its dividend?
MGY earns a dividend-safety grade of B (76/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does MGY pay a dividend?
Yes. Magnolia Oil & Gas Corporation pays a quarterly dividend of about $0.66 per share annually, a forward yield of roughly 2.60%.
What is MGY's dividend yield?
As of Oct 18, 2026, MGY's forward dividend yield is 2.60%, based on a $0.66 annual dividend and a $25.35 share price.
What is MGY's dividend per share?
As of Oct 18, 2026, MGY pays $0.66 per share per year, distributed on a quarterly basis.
What is MGY's dividend payout ratio?
As of Oct 18, 2026, MGY's payout ratio is 28% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has MGY grown its dividend?
As of Oct 18, 2026, MGY has increased its dividend for 4 consecutive years.
When is the next MGY ex-dividend date?
As of Oct 18, 2026, MGY's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $0.18 per share.
MGY Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+18%
5 Years
+34%
52-Week Range
$21.07 – $32.76
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MGY worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Magnolia Oil & Gas Corporation is $22.25 per share, versus a market price of $25.35. That implies the stock is roughly fairly priced.
Fair Value
$22.25
Current Price
$25.35
Gap
-12%
Margin of Safety
-14%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.0% annual free-cash-flow growth. We model 2.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.3% discount rate (CAPM), 2.1% growth for five years fading to 2.5% over the next five, $2.28 EPS, $0.66 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MGY Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MGY dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 10, 2026 | Sep 1, 2026 | $0.1800 | regular |
| May 12, 2026 | Jun 1, 2026 | $0.1650 | regular |
| Feb 10, 2026 | Mar 2, 2026 | $0.1650 | regular |
| Nov 10, 2025 | Dec 1, 2025 | $0.1500 | regular |
| Aug 11, 2025 | Sep 2, 2025 | $0.1500 | regular |
| May 12, 2025 | Jun 2, 2025 | $0.1500 | regular |
| Feb 14, 2025 | Mar 3, 2025 | $0.1500 | regular |
| Nov 8, 2024 | Dec 2, 2024 | $0.1300 | regular |
| Aug 9, 2024 | Sep 3, 2024 | $0.1300 | regular |
| May 10, 2024 | Jun 3, 2024 | $0.1300 | regular |
| Feb 15, 2024 | Mar 1, 2024 | $0.1300 | regular |
| Nov 8, 2023 | Dec 1, 2023 | $0.1150 | regular |
| Aug 9, 2023 | Sep 1, 2023 | $0.1150 | regular |
| May 10, 2023 | Jun 1, 2023 | $0.1150 | regular |
Income Calculator
At $0.66 / yr per share
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