Mexco Energy Corporation Declares Dividend on Common Shares
Rhea-AI Summary
Mexco Energy Corporation (NYSE American: MXC) has announced a regular annual cash dividend of $0.10 per common share. The dividend will be paid on June 16, 2025 to stockholders of record as of June 2, 2025.
Mexco Energy Corporation, based in Midland, Texas, operates as an independent oil and gas company, focusing on acquisition, exploration, and development of oil and gas properties in the Permian Basin. The company emphasizes that dividend decisions are made by the Board of Directors based on various factors including liquidity, capital resources, operational results, cash reserves for future capital expenditures, and other considerations.
Positive
- Annual dividend payment of $0.10 per share demonstrates commitment to shareholder returns
- Company maintains active operations in the strategic Permian Basin region
Negative
- Relatively small dividend amount of $0.10 per share annually
News Market Reaction
On the day this news was published, MXC gained 0.84%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MIDLAND, TX, May 13, 2025 (GLOBE NEWSWIRE) -- Mexco Energy Corporation (NYSE American: MXC) announced today that its Board of Directors declared a regular annual cash dividend of
Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties primarily in the Permian Basin. For more information on Mexco Energy Corporation, go to www.mexcoenergy.com.
Dividends are authorized and determined by the Company's Board of Directors in its sole discretion. Decisions regarding the payment of dividends are subject to a number of considerations at the time, including without limitation, the Company's liquidity and capital resources, the Company's results of operations and anticipated future results of operations, the level of cash reserves the Company maintains to fund future capital expenditures or other needs, and other factors that the Board of Directors deems relevant. The Company can provide no assurance that dividends will be authorized or declared in the future or the amount of any future dividends.
For additional information, please contact: Tammy L. McComic, President and Chief Financial Officer, at Mexco Energy Corporation, (432) 682-1119.
FAQ
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