mexco energy corp shares were up 5 to 1293 on monday after the company said its board of directors declared a special cash dividend of 10 cents per common share the midland texasbased independent oil and gas company said the special dividend is payable may 15 to stockholders of record at the close of business on may 1 the companys board also authorized the use of up to 1 million to repurchase shares for its treasury account this replaces a previously authorized 250000 buyback program which had 5500 remaining at the time it was replaced during the year ended march 31 the company repurchased 18416 shares at an average price of 1328 per share mexco energy shares are down 22 in the past 12 months