Texas Pacific Land Trust (TPL) Declares $10.00 Special Dividend; 1.7% Yield

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Go back to Texas Pacific Land Trust (TPL) Declares $10.00 Special Dividend; 1.7% Yield

Texas Pacific Land Trust Declares Special Dividend of $10.00 Per Share

November 23, 2020 4:20 PM EST

Provides Update on Corporate Reorganization

DALLAS--(BUSINESS WIRE)-- Texas Pacific Land Trust (NYSE: TPL) (the Trust) announced today that its Trustees have declared a special cash dividend of $10.00 per sub-share certificate. The special cash dividend, which will be payable on December 17, 2020 to sub-shareholders of record as of the close of business on December 11, 2020, increases the Trusts cumulative 2020 regular and special dividend offerings to $26.00 per share and represents $201.7 million returned to shareholders this year.

Additionally, the Trust today provided an... More