Welcome to our dedicated page for Amen Properties news (Ticker: AMEN), a resource for investors and traders seeking the latest updates and insights on Amen Properties stock.
Amen Properties, Inc. reports operating results and dividend actions for a portfolio of cash-producing properties that includes real estate and oil and gas interests. Its recurring updates focus on revenue, net income, quarterly and special dividends, and the effect of commodity prices and demand on oil and gas royalty income. The company also discloses board policy on not hedging the revenue stream associated with its oil and gas royalties, making commodity exposure a recurring theme in its public communications.
Amen Properties, Inc. (AMEN) reported its Q4 2020 financial results, recording revenue of $415 thousand and a net income of $1.1 million, down from $576 thousand and $136 thousand respectively in Q4 2019. For the full year 2020, revenue decreased by 57% to $1.1 million, with a net loss of $(469) thousand compared to a profit of $27 thousand in 2019. The Board approved a quarterly dividend of $7.50 per share, payable on March 31, 2021. The Company will no longer hedge oil and gas royalty revenues, encouraging shareholders to adopt their own strategies regarding this risk.