Texas Pacific Land's last cash dividend of $1.17 per share was issued to shareholders on record before Sep 3, 2024. The dividend payment stands at $14.59 per share annually, which equates to a dividend yield of 1.32%. The latest TPL dividend of $1.17 is a decrease from the previous $10 payout, representing a change of -88%.
Texas Pacific Land's dividend yield of 1.32% is lower than the Energy sector, the industry and its peers average. If we compare it with the Energy sector average of 4.49%, Texas Pacific Land's dividend yield is 71% lower. The historical 5-year average of TPL's dividend yield is 1.4%, which is more than the current one.
Texas Pacific Land has been paying dividends for the last 30 years. According to our records TPL has distributed five dividends in the past year. The annualized dividend per share has grown by 243% for the last twelve months. And with the stock price up by 83% from a year ago, the dividend yield has grown by 88%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
Sep 3, 2024 | $1.17 | 1.79% |
Jul 1, 2024 | $10 | 2% |
Jun 3, 2024 | $1.17 | 0.76% |
Feb 29, 2024 | $1.167 | 0.84% |
Nov 30, 2023 | $1.083 | 0.78% |
Aug 31, 2023 | $1.083 | 0.68% |
Jun 7, 2023 | $1.083 | 0.88% |
Mar 7, 2023 | $1.083 | 1.64% |
Dec 7, 2022 | $1 | 1.19% |
Sep 7, 2022 | $1 | 1.57% |
Jun 7, 2022 | $6.667 | 1.63% |
Mar 7, 2022 | $1 | 0.87% |
Dec 7, 2021 | $0.917 | 0.83% |
Sep 7, 2021 | $0.917 | 1.5% |
Jun 7, 2021 | $0.917 | 1.03% |
Mar 5, 2021 | $0.917 | 1.06% |
Dec 10, 2020 | $3.333 | 3.75% |
Mar 6, 2020 | $5.333 | 2.57% |
Mar 7, 2019 | $2 | 0.84% |
Mar 8, 2018 | $1.35 | 0.77% |
Mar 7, 2017 | $0.45 | 0.45% |
Mar 7, 2016 | $0.103 | 0.21% |
Mar 5, 2015 | $0.097 | 0.2% |
Texas Pacific Land's payout ratio of 75% is above the Energy sector and the industry average but below its peers average. In comparison with its Energy sector average of 49.2%, Texas Pacific Land's payout ratio is 52% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
DMLP Dorchester Minerals Lp | 11.1% | $3.49 | 131.6% |
PBT Permian Basin Royalty Trust | 6.82% | $0.78 | 114.4% |
PHX Phx Minerals Inc | 3.66% | $0.13 | 86.7% |
VNOM Viper Energy Partners LP | 3.47% | $1.79 | 61.3% |
TPL Texas Pacific Land Corp | 1.27% | $14.59 | 75% |
Yes, Texas Pacific Land has paid five dividends in the last twelve months. TPL has been paying dividends since 1994.
Texas Pacific Land's last regular dividend was on Sep 3, 2024 (ex-date) with the amount of $1.17 per share.
TPL has paid dividend of $14.59 per share in the last year.
Currently Texas Pacific Land's dividend yield is 1.32%.
The dividend payout ratio of Texas Pacific Land is 75%.
Texas Pacific Land's dividend yield is less than the Energy sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.