Mexco Energy to Pay 10c/Share Dividend

Dow Jones05-01

By Stephen Nakrosis

Mexco Energy on Tuesday said its board approved a dividend of 10 cents per share.

The new dividend will be payable on June 4 to shareholders of record at the close of business on May 21.

Currently, the company doesn't pay a regular dividend.

In April of last year, Mexco declared a similar dividend of 10 cents per common share.

Also on Tuesday, Mexco said its board authorized the use of up to $1 million to repurchase shares of the company's stock. The latest authorization replaces a previous $1 million buyback which was authorized in April of last year and which had $414,964 remaining.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 30, 2024 17:30 ET (21:30 GMT)

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