08:14 AM EDT, 07/29/2024 (MT Newswires) -- Northern Oil & Gas (NOG) said Monday that its board has approved a new $150 million share buyback authorization, replacing its previous authorization that had been significantly depleted.

The company said its management expects to submit a request to the board for a 5%, or $0.02, mid-year raise in the quarterly common dividend to $0.42 per share for Q3.