March 10, 2023. Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal year ended December 31, 2022. The Company posted revenue of $4.1 million and net income of $3.4 million. These results compare to revenue of $3.1 million and net income of $1.6 million for 2021. The Company’s improvement in revenue and profitability resulted primarily from increased demand and prices for oil.
Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $10.00 per share. Additionally, the Board approved payment of a special dividend of $6.30 per share to satisfy the Company’s tithing obligation for 2022. Both dividends will be paid to shareholders of record on March 24 with a payment date of March 31.
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See full financial disclosure here.