Barnwell Industries, Inc.
BRNBarnwell Industries, Inc. (BRN) is a diversified company primarily involved in real estate investments, including oil and gas properties, commercial, and residential developments. Founded in 1956 and based in Honolulu, Hawaii, the company has a history of acquiring, developing, and managing properties, focusing on generating income from its real estate holdings and energy assets.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 11, 2023 | $0.01 | 2023-08-23 | 2023-08-24 |
| June 12, 2023 | $0.01 | 2023-05-24 | 2023-05-25 |
| March 13, 2023 | $0.01 | 2023-02-22 | 2023-02-23 |
| January 11, 2023 | $0.01 | 2022-12-23 | 2022-12-27 |
| September 6, 2022 | $0.01 | 2022-08-22 | 2022-08-23 |
Dividends Summary
- Consistent Payer: Barnwell Industries, Inc. has rewarded shareholders with 24 dividend payments over the past 19 years.
- Total Returned Value: Investors who held BRN shares during this period received a total of $2.00 per share in dividend income.
- Latest Payout: The most recent dividend of $0.01/share was paid 865 days ago, on September 11, 2023.
- Yield & Schedule: BRN currently pays dividends quarterly with an annual yield of 5.38%.
- Dividend Growth: Since 2004, the dividend payout has decreased by 92.5%, from $0.20 to $0.01.
- Dividend Reliability: BRN has maintained or increased its dividend for 5 consecutive payments.
Company News
Barnwell Industries reported a challenging Q3 2025, with revenue dropping 29.2% to $3.19 million and a net loss of $1.55 million. The company sold all U.S. oil and gas assets, focusing future operations in Canada, while facing liquidity concerns and ongoing legal expenses.
Barnwell Industries reported a net loss for the second quarter of 2025 due to increased general and administrative expenses related to a shareholder consent solicitation and proxy contest, as well as a decrease in land investment segment operating results. The company also announced the sale of its water drilling subsidiary for $1,050,000.
Barnwell Industries, Inc. has entered into a non-binding letter of intent to sell its water well drilling subsidiary, Water Resources International, Inc., for an expected aggregate value of $1,050,000. The transaction is expected to close in late March 2025, allowing the company to refocus on its core oil and gas exploration business.
Barnwell Industries, Inc. reported a net loss of $1.9 million for the first quarter of 2025, compared to a net loss of $664,000 in the prior year quarter. The company's oil, gas, and natural gas liquids production and prices decreased, leading to the net loss. The company remains debt-free and is exploring strategic alternatives for its water res...
Barnwell Industries has adopted a shareholder rights plan to prevent a 30% shareholder, the Sherwood Group, from gaining 'creeping' control of the company without paying a premium to other shareholders. The plan is designed to protect the long-term value for all shareholders.
