Texas Pacific Land Trust (TPL) Declares $10.00 Special Dividend; 1.3% Yield

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Go back to Texas Pacific Land Trust (TPL) Declares $10.00 Special Dividend; 1.3% Yield

Texas Pacific Land Corporation Announces Special Dividend of $10 Per Share and Cash Balance Target

June 13, 2024 4:15 PM EDT

DALLAS--(BUSINESS WIRE)-- Texas Pacific Land Corporation (NYSE: TPL) (the Company or TPL) today announced that the Companys Board of Directors approved a $10.00 per share special dividend. The special dividend will be payable on July 15, 2024 to stockholders of record at the close of business on July 1, 2024.

With tailwinds of excellent business execution, supportive fundamentals, and a fortress balance sheet, were pleased to announce a special dividend, which is the largest in TPLs history and represents a 50% increase compared to the most recent prior split-adjusted special dividend, said Tyler Glover, Chief Executive Officer... More