Dividend Track Records

Texas Pacific Land Corporation (TPL) will raise its dividend by 36.8 percent to $1.60 quarterly per share in the fourth quarter of 2024. The dividend yield is 0.5%. TPL also paid a $10 per share special dividend this year.

Texas Pacific Land Corporation (TPL) will raise its dividend by 10 percent in 2021. The company also announced a name change from Trust to Corporation and will start paying quarterly instead of annual dividends. The first quarterly dividend is $2.75 per share, up from an adjusted $2.50 per share last year. In 2020 the company announced an increase in the annual dividend by 471.4 percent to $10.0 per share. Also a $6.00 per share special dividend was paid. 2021 will mark the 18th consecutive year of dividend increases. NAME CHANGE AND QUARTERLY DIVIDENDS As previously announced, on January 11, 2021, TPL completed its reorganization from a business trust, Texas Pacific Land Trust, into Texas Pacific Land Corporation. The board of directors has determined to pay dividends quarterly going forward in March, June, September and December of each year, subject to the discretion of the Board. On February 17, 2021, the Board declared a quarterly cash dividend of $2.75 per share payable on Ma...

Texas Pacific Land Trust (TPL) will raise its annual dividend by 471.4 percent to $10.0 per share. Also a $6.00 per share special dividend will be paid. Last year the royalty company paid a $4.25 per share special dividend. This is the 17th consecutive year that the declared dividend has increased. Both dividends, for a total of $14.25 per share, are payable on March 16, 2020, to common stockholders of record on March 9, 2020. At the current stock price of $710 the total dividend payment yields about 2.3%. The regular dividend of $10.0 per share yields 1.4%. Texas Pacific Land Trust was created in 1888 as a result of a reorganization of the Texas and Pacific Railway Company following receivership. Holders of Texas and Pacific Railway Company bonds received 3.5 million acres of land in Texas which had been earned by the railroad and pledged as security against bonds. The bondholders created the Trust and converted bonds to shares of proprietary interest in the Trust. The Trust was c...