Past year: ▲ 12%(7.48 – 11.20 USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 June 2026dividend declaration▲ Good
The board declared a regular annual cash dividend of $0.10 per share, payable June 30, 2026 to holders of record on June 15, 2026, the same amount as the prior years' payments. The filing says future dividends are not assured.
13 May 2025dividend declaration▲ Good
The board declared another regular annual cash dividend of $0.10 per share, payable June 16, 2025 to holders of record on June 2, 2025. This filing does not mention any buyback authorization.
30 Apr 2024dividend declaration▲ Good
The board declared a regular annual cash dividend of $0.10 per share, payable June 4, 2024 to holders of record on May 21, 2024, and renewed a $1,000,000 buyback authorization. The new authorization replaces the previous $1,000,000 program, which had $414,964 left; the company repurchased 50,101 shares at an average $11.68 in the year to March 31, 2024. Called 'regular annual' here, following the $0.10 special dividend of 2023.
10 Apr 2023dividend declaration▲ Good
The board declared a special cash dividend of $0.10 per share, payable May 15, 2023 to holders of record on May 1, 2023. It also authorized buying back up to $1,000,000 of stock, replacing an earlier $250,000 program that had $5,506 left; the company bought 18,416 shares at an average $13.28 in the year to March 31, 2023.
31 Dec 2018debt financing● NeutralMajor
Mexco signed a new $1,000,000 credit facility with West Texas National Bank (prime plus 0.5%, maturing December 28, 2021) and used company funds to repay and end its December 2008 Bank of America loan, with no early termination fees. The new loan is secured by the stock of its subsidiaries and substantially all of its oil and gas properties, bars cash dividends without the bank's written permission and does not allow hedging; nothing is currently borrowed.
19 July 2017auditor change● Neutral
Mexco dismissed its auditor Grant Thornton and appointed Weaver and Tidwell, L.L.P. as its new independent auditor, effective July 17, 2017. The filing says there were no disagreements with Grant Thornton and its reports on fiscal 2016 and 2017 had no adverse or qualified opinion; the audit committee approved the change.
9 Sept 2003listing compliance notice▲ GoodMajor
the American Stock Exchange certified MEXCO ENERGY CORP's securities for listing, clearing them to begin trading.
