NOG Announces Quarterly Cash Dividend of $0.45, Signifying a 7% Boost Compared to Previous Year
Northern Oil and Gas Declares Quarterly Cash Dividend
Northern Oil and Gas, Inc. (NOG) has announced a cash dividend of $0.45 per share, marking a 7% year-over-year increase. This dividend, payable on October 31, 2025, reflects a steady growth in dividend payments since 2020.
The dividend yield is approximately 7%, and the payout ratio is around 28%, indicating that dividends are well covered by earnings. This dividend declaration is equal to the prior quarterly dividend.
Since 2020, NOG has consistently declared and paid quarterly cash dividends, with a trend of increasing dividend amounts in recent years. The company has demonstrated a focus on increasing dividends gradually, as shown by the 7% annual growth in the latest dividend declaration.
In the second quarter of 2025, NOG not only paid cash dividends but also executed a share repurchase plan as part of its shareholder return strategy. This move underscores the company's commitment to its investors.
The stockholders of record as of the close of business on September 29, 2025, are eligible for the dividend. The company's primary strategy is to acquire and invest in non-operated minority working and mineral interests, primarily in the premier hydrocarbon producing basins within the contiguous United States.
For investor relations-related inquiries, Evelyn Leon Infurna, Vice President of Investor Relations for Northern Oil and Gas, Inc., can be contacted at ir@noginc.com or by phone at 952-476-9800. More information about NOG can be found at www.noginc.com.
Business Wire, a source for press releases, authored the press release regarding the dividend announcement. For more posts from Business Wire, visit their website.
The dividend news for Northern Oil and Gas (NOG) includes a quarterly cash dividend of $0.45 per share, noting a 7% year-over-year increase. This news comes in the midst of NOG's focus on increasing dividends gradually and their consistent dividend declarations since 2020, reflecting a steady growth in dividend payments. Moreover, the financial sector might observe this dividend yield of approximately 7% and payout ratio of around 28%, both indicative of a robust and sustainable investment opportunity in NOG's business operations.
