Amen Properties Q2 Net Income Jumps to $1.4M, Declares $12.50 Dividend
AMEN is trading near its 52-week low of $454.9 (12% above the low) on elevated volume (5.6× avg).
Summary
Amen Properties reported Q2 2026 net income of $1.4 million, up from $216 thousand a year earlier, driven by $966 thousand from leasehold interest sales. Oil and gas revenue rose to $724 thousand from $573 thousand. The board declared a quarterly dividend of $12.50 per share, payable October 14 to holders of record October 7. The dividend is substantial relative to the company's market cap and signals strong cash generation. The leasehold sale income is likely one-time, so core operating performance is weaker than the headline net income suggests.
At the time of this announcement, AMEN was trading at $510.00 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $27.1M. The 52-week trading range was $454.90 to $620.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.