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NOG Declares $0.14 Cash Dividend on its Common Stock, a 75% Increase Over Prior Quarter, and Provides Balance Sheet UpdateNorthern Oil and Gas, Inc. (NYSE American: NOG) (“NOG”) today announced that its Board of Directors has declared a cash dividend on the Company’s common stock in the amount of $0.14 per share, representing a 75% increase from the prior quarterly dividend. The dividend is payable on April 29, 2022, to stockholders of record as of the close of business on March 30, 2022. NOG additionally is providing a year-end 2021 balance sheet update. HIGHLIGHTS
MANAGEMENT COMMENTS “The $0.14 per share dividend declared by the Board this quarter is above our previous plan of $0.12 per share,” commented Chad Allen, NOG’s Chief Financial Officer. “This is a function of continued strong free cash flow, the achievement of balance sheet targets ahead of schedule, and the strong outlook for our business as we begin 2022.” ABOUT NORTHERN OIL AND GAS NOG is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about NOG can be found at www.NorthernOil.com . SAFE HARBOR |
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