northern oil and gas inc said monday its board approved a 32 increase to the companys quarterly dividend the new dividend of 25 cents per share will be payable on oct 31 to stockholders of record at the close of business on sept 29 the company said northern oil chief financial officer chad allen said with our significant free cash flow profile we have taken an alloftheabove approach to shareholder returns in 2022 growing our common stock dividend while also repurchasing and retiring common stock preferred stock and senior notes in may the company raised its dividend to 19 cents per share