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Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,300 gross producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio. As of March 31, 2022, the company's total estimated proved reserves were approximately 1.616 million barrels of oil equivalent. It also owned leasehold mineral, royalty, and other interests in approximately 2,970 net acres. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in April 1980. Mexco Energy Corporation was incorporated in 1972 and is based in Midland, Texas.

Mexco Energy Dividend Announcement

• Mexco Energy announced a annually dividend of $0.10 per ordinary share which will be made payable on 2024-06-04. Ex dividend date: 2024-05-20
• Mexco Energy annual dividend for 2024 was $0.10
• Mexco Energy annual dividend for 2023 was $0.10
• Mexco Energy's trailing twelve-month (TTM) dividend yield is 0.87%
• Mexco Energy's payout ratio for the trailing twelve months (TTM) is 34.69%

Mexco Energy Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-20$0.10annually2024-06-04
2023-04-28$0.10annually2023-05-15

Mexco Energy Dividend per year

Mexco Energy Dividend Yield

Mexco Energy current trailing twelve-month (TTM) dividend yield is 0.87%. Interested in purchasing Mexco Energy stock? Use our calculator to estimate your expected dividend yield:

Mexco Energy Financial Ratios

P/E ratio19.68
PEG ratio0.52
P/B ratio1.37
ROE6.94%
Payout ratio34.69%
Current ratio4.32
Quick ratio4.32
Cash Ratio2.66

Mexco Energy Dividend FAQ

Does Mexco Energy stock pay dividends?
Mexco Energy does not currently pay dividends to its shareholders.
Has Mexco Energy ever paid a dividend?
No, Mexco Energy has no a history of paying dividends to its shareholders. Mexco Energy is not known for its dividend payments.
Why doesn't Mexco Energy pay dividends?
There are several potential reasons why Mexco Energy would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Mexco Energy ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Mexco Energy has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Mexco Energy a dividend aristocrat?
Mexco Energy is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Mexco Energy a dividend king?
Mexco Energy is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Mexco Energy a dividend stock?
No, Mexco Energy is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Mexco Energy stocks?
To buy Mexco Energy you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Mexco Energy stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.