Magnolia Oil & Gas Corporation announced that its Board of Directors has declared a cash dividend of $0.115 per share of Class A common stock, and a cash distribution of $0.115 per Class B unit payable on March 1, 2023 to shareholders of record as of February 10, 2023. Announcement represents a 15% increase to Magnolia's quarterly dividend rate and would provide an annualized dividend payout rate of $0.46 per share.