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TPL Texas Pacific Land Corporation — dividend yield, history & ex-dividend dates

NYSE· Quarterly dividend· Common Stock · Energy / Oil & Gas Exploration & Production

$331.93 ▲ $1.50(0.45%) as of Oct 29, 2026 06:20 UTC
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Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th rate) and about 371,000 acres (at a 1/16th rate). Furthermore, it possesses around 4,000 additional net royalty acres, primarily located in West Texas. The segment grants various easements and commercial leases for purposes such as oil, gas, and hydrocarbon infrastructure, power and utility lines, and subsurface wellbores. It also leases its land for facilities like processing, storage, and compression plants, as well as roads, and sells materials such as caliche. The Water Services and Operations division provides comprehensive water solutions to energy operators throughout the Permian Basin. Its services encompass water sourcing, the gathering and treatment of produced water, infrastructure development, disposal solutions, water tracking, analytics, and well testing. This segment also generates royalty income from water extracted from its own lands. Founded in 1888, Texas Pacific Land Corporation maintains its headquarters in Dallas, Texas.

Dividend Snapshot

StatusGrowing
Last Dividend$0.6000Paid Sep 15, 2026
Forward Annual$2.40From the $0.6000 dividend declared Aug 04, 2026
FrequencyQuarterly
Last Ex-DateSep 01, 2026The most recent ex-dividend date that has already passed.
1-Yr Growth25.3%Annual totals, 2024–2025
10-Yr Growth52.1%Annual totals, 2015–2025

Research Scores

Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.

Dividend Safety Score

100/100

Very strong indicators

Complete data

Dividend Growth Score

78/100

Strong growth record

Most data available

Dividend Value Score

41/100

Near own historical valuation

Complete data

DividendRank

76/100

Upper middle of the scale

Complete data

How the Dividend Safety Score is built for TPL
Dividend Safety Score inputs, points and weights
InputValuePointsWeight
Earnings payout ratioEarnings payout ratio 29% (TTM to Jun 30, 2026) 100 20%
FCF payout ratioFCF payout ratio 30% (TTM to Jun 30, 2026) 100 25%
Net debt / EBITDANet cash (TTM to Jun 30, 2026) 100 15%
Interest coverageInterest coverage 258.7x (TTM to Jun 30, 2026) 100 10%
Dividend record45 years of uninterrupted regular payments 100 20%
Earnings stabilityNet income positive in 5 of the last 5 fiscal years (FY2021–FY2025) 100 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

How the Dividend Growth Score is built for TPL
Dividend Growth Score inputs, points and weights
InputValuePointsWeight
5-year dividend growthN/A (not used) N/A 25%
Consecutive annual increases4 consecutive annual increases (through 2025) 52 20%
Payout headroomHeadroom from the earnings payout ratio 29% (TTM to Jun 30, 2026) 100 20%
Earnings per share growth (3 years)EPS CAGR 2.8% (FY2022–FY2025) 59 15%
Revenue growth (3 years)Revenue CAGR 6.1% (FY2022–FY2025) 88 10%
10-year dividend growth10-year dividend CAGR 52.1% (2015–2025) 100 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

How the Dividend Value Score is built for TPL
Dividend Value Score inputs, points and weights
InputValuePointsWeight
Yield vs own historyCurrent yield at the 61st percentile of its 97 month-end yields 61 40%
P/E vs own 5-year medianP/E 43.1 is 1.06x its 5-year median of 40.6 42 25%
FCF yieldFCF yield 2.3% (TTM to Jun 30, 2026) 30 20%
P/E vs peersP/E 43.1 vs peer median 21.0 (2.05x; 50 corporation / Energy securities) 0 15%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.

Key Metrics

Current Yield

0.72%

At the Oct 29, 2026 price

The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.

Annualized Dividend

$2.4000

Declared Aug 04, 2026

The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.

Frequency

Q Quarterly

How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.

RSI (14)

41

As of Oct 29, 2026

Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.

52-Week Range

$273.56 – $539.79

Closes through Oct 23, 2026

The lowest and highest price over the past year, showing where today's price sits in its recent range.

Payout Ratio (TTM)

28.95%

12 months to Jun 30, 2026 (Q2 FY2026)

The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.

Years Paying

45

How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.

Price / Book (TTM)

13.95

Price as of Oct 25, 2026; latest reported book value

Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.

S.A.F.E. Dividend Read

S.A.F.E. is a set of four checks on a dividend's record and the company's data, the same test used across the screener and our ranked lists. Solid: a Dividend Safety Score of 70+ and a yield of 2%+. Accelerating: at least three consecutive completed calendar years of higher total regular dividends. Flawless: since 1990, no calendar year whose total regular dividend fell more than 20% below the year before, and no suspension. Enduring: at least 20 years between the first and latest dividend in our records. All four met earns the S.A.F.E. flag.
S Solid
Below the Solid check (Dividend Safety Score 70+ and yield 2%+): Dividend Safety Score 100/100, yield 0.72%.
A Accelerating
4 consecutive years of dividend increases.
F Flawless
A calendar year's regular dividend total fell more than 20% below the year before.
E Enduring
45 years of dividend payments on record.

Quote & Key Data

ExchangeNYSEThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume248,059Oct 23, 2026 sessionHow many shares changed hands in the trading session dated beside this figure, a rough read on trading activity. Daily bars are refreshed on a slower cycle than the quoted price, so this session can be older than the price above.
Open$334.96Oct 23, 2026 sessionThe price at the start of the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Day Range$332.52 – $345.95Oct 23, 2026 sessionThe lowest and highest price during the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Prev Close$333.67Close of Oct 22, 2026The closing price from the session before the one dated beside these figures.
Market Cap$22.89BAs of Oct 29, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out68.97MImplied by market cap, Oct 29, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPS (TTM)$7.8512 months to Jun 30, 2026 (Q2 FY2026)Earnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/E (TTM)43.1Price as of Oct 25, 2026; earnings to Jun 30, 2026Price-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Last Ex-DateSep 01, 2026Paid Sep 15, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateN/ANone declared yetThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

Dividend Growth

3-Yr Growth (CAGR)17.0%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)N/AThe dividend's average annual growth rate over the period, compounded.
Consecutive Increases4 yrsAnnual totals through 2025The number of consecutive years the dividend has increased.

How often a record like this ends in a cut

Years the payout rose23Since Feb 1981
Rank among payers339of 2,430 with a record
Years it fell over 20%3in 43 comparable years
Of peers with 10 to 24 up years75%also cut at some point

TPL has raised its annual dividend in 23 separate years since February 1981, which ranks 339 among the 2,430 payers with a comparable record in our dataset. In 3 years the annual total fell by more than a fifth.

Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.

Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.

Why the Yield Moved (90 Days)

TPL's dividend yield rose from 0.60% to 0.72% over the past ~90 days (+0.13 pp). Of that move, +0.00 pp came from changes in the dividend rate and +0.13 pp from the share price ($402.58 on Jul 31, 2026 → $331.93 on Oct 29, 2026). A yield that rises because the price fell is not an improvement in the payout itself.

Yield vs Its Own History

Current0.72%
1-Yr Average0.62%
Low / High0.44% – 0.78%
Percentile93%

Across 273 daily observations over the past 13 months (through Oct 23, 2026), TPL's current yield is higher than approximately 93% of them. Our stored price history for TPL covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.

Adjusted Price History

Dividend History

Dividend Payment History

Ex-dividend calendar →
Amount Type Declared Ex-Date Record Pay
$0.6000 Q Regular Aug 04, 2026 Sep 01, 2026 Sep 01, 2026 Sep 15, 2026
$0.6000 Q Regular May 05, 2026 Jun 01, 2026 Jun 01, 2026 Jun 15, 2026
$0.6000 Q Regular Feb 10, 2026 Mar 02, 2026 Mar 02, 2026 Mar 16, 2026
$1.6000 Q Regular Nov 03, 2025 Dec 01, 2025 Dec 01, 2025 Dec 15, 2025
$1.6000 Q Regular Aug 05, 2025 Sep 02, 2025 Sep 02, 2025 Sep 16, 2025
$1.6000 Q Regular May 06, 2025 Jun 02, 2025 Jun 02, 2025 Jun 16, 2025
$1.6000 Q Regular Feb 18, 2025 Mar 03, 2025 Mar 03, 2025 Mar 17, 2025
$1.6000 Q Regular Nov 04, 2024 Dec 02, 2024 Dec 02, 2024 Dec 16, 2024
$1.1700 Q Regular Aug 07, 2024 Sep 03, 2024 Sep 03, 2024 Sep 17, 2024
$10.0000 S Special Jun 13, 2024 Jul 01, 2024 Jul 01, 2024 Jul 15, 2024
$1.1700 Q Regular May 06, 2024 Jun 03, 2024 Jun 03, 2024 Jun 17, 2024
$3.5000 Q Regular Feb 13, 2024 Feb 29, 2024 Mar 01, 2024 Mar 15, 2024
$3.2500 Q Regular Oct 31, 2023 Nov 30, 2023 Dec 01, 2023 Dec 15, 2023
$3.2500 Q Regular Aug 01, 2023 Aug 31, 2023 Sep 01, 2023 Sep 15, 2023
$3.2500 Q Regular May 02, 2023 Jun 07, 2023 Jun 08, 2023 Jun 15, 2023
$3.2500 Q Regular Feb 13, 2023 Mar 07, 2023 Mar 08, 2023 Mar 15, 2023
$3.0000 Q Regular Nov 01, 2022 Dec 07, 2022 Dec 08, 2022 Dec 15, 2022
$3.0000 S Regular Aug 02, 2022 Sep 07, 2022 Sep 08, 2022 Sep 15, 2022
$23.0000 S Regular May 03, 2022 Jun 07, 2022 Jun 08, 2022 Jun 15, 2022
$3.0000 Q Regular Feb 11, 2022 Mar 07, 2022 Mar 08, 2022 Mar 15, 2022
$2.7500 Q Regular Oct 28, 2021 Dec 07, 2021 Dec 08, 2021 Dec 15, 2021
$2.7500 Q Regular Aug 05, 2021 Sep 07, 2021 Sep 08, 2021 Sep 15, 2021
$2.7500 Q Regular May 03, 2021 Jun 07, 2021 Jun 08, 2021 Jun 15, 2021
$2.7500 Q Regular Feb 25, 2021 Mar 05, 2021 Mar 08, 2021 Mar 15, 2021
$10.0000 S Special Nov 23, 2020 Dec 10, 2020 Dec 11, 2020 Dec 17, 2020
$16.0000 S Special Feb 24, 2020 Mar 06, 2020 Mar 09, 2020 Mar 16, 2020
$6.0000 S Regular Feb 26, 2019 Mar 07, 2019 Mar 08, 2019 Mar 15, 2019
$4.0500 S Regular Feb 21, 2018 Mar 08, 2018 Mar 09, 2018 Mar 16, 2018
$1.3500 S Regular Feb 21, 2017 Mar 07, 2017 Mar 09, 2017 Mar 16, 2017
$0.3100 A Regular Feb 25, 2016 Mar 07, 2016 Mar 09, 2016 Mar 16, 2016
$0.2900 A Regular Feb 25, 2015 Mar 05, 2015 Mar 09, 2015 Mar 16, 2015
$0.2700 A Regular Feb 21, 2014 Mar 04, 2014 Mar 06, 2014 Mar 14, 2014
$0.2500 S Regular Dec 04, 2012 Dec 12, 2012 Dec 14, 2012 Dec 21, 2012
$0.2300 A Regular Feb 24, 2012 Mar 02, 2012 Mar 06, 2012 Mar 14, 2012
$0.2100 I Regular Feb 15, 2011 Mar 02, 2011 Mar 04, 2011 Mar 11, 2011
$0.2000 A Regular Feb 24, 2010 Mar 10, 2010 Mar 12, 2010 Mar 24, 2010
$0.1900 A Regular Feb 27, 2009 Mar 10, 2009 Mar 12, 2009 Mar 23, 2009
$0.1800 A Regular Feb 25, 2008 Mar 05, 2008 Mar 07, 2008 Mar 17, 2008
$0.8000 S Regular Feb 23, 2007 Mar 05, 2007 Mar 07, 2007 Mar 15, 2007
$2.1000 S Regular Nov 14, 2006 Nov 22, 2006 Nov 27, 2006 Dec 07, 2006
$0.6500 A Regular Feb 24, 2006 Mar 03, 2006 Mar 07, 2006 Mar 15, 2006
$0.5500 S Regular Feb 22, 2005 Mar 04, 2005 Mar 08, 2005 Mar 15, 2005
$1.7500 S Regular Oct 01, 2004 Oct 06, 2004 Oct 08, 2004 Oct 14, 2004
$0.5000 S Regular Feb 25, 2004 Mar 03, 2004 Mar 05, 2004 Mar 12, 2004
$0.3500 S Regular Aug 18, 2003 Aug 22, 2003 Aug 26, 2003 Sep 08, 2003
$0.4000 A Regular Feb 26, 2003 Mar 05, 2003 Mar 07, 2003 Mar 14, 2003
$0.4000 A Regular Feb 25, 2002 Mar 06, 2002 Mar 08, 2002 Mar 15, 2002
$0.6000 M Regular N/A Mar 28, 2001 Mar 30, 2001 Mar 31, 2001
$3.6000 A Special Feb 28, 2001 Mar 07, 2001 Mar 09, 2001 Mar 15, 2001
$0.4000 A Regular N/A Mar 06, 2000 Mar 08, 2000 Mar 15, 2000
$0.4000 A Regular Feb 26, 1999 Mar 04, 1999 Mar 08, 1999 Mar 15, 1999
$0.4000 A Regular Feb 25, 1998 Mar 05, 1998 Mar 09, 1998 Mar 16, 1998
$0.4000 A Regular N/A Mar 05, 1997 Mar 07, 1997 Mar 14, 1997
$0.4000 A Regular N/A Mar 07, 1996 Mar 11, 1996 Mar 15, 1996
$0.4000 A Regular N/A Mar 06, 1995 Mar 10, 1995 Mar 15, 1995
$0.4000 A Regular N/A Mar 07, 1994 Mar 11, 1994 Mar 15, 1994
$0.4000 A Regular N/A Mar 05, 1993 Mar 11, 1993 Mar 15, 1993
$0.4000 A Regular N/A Mar 06, 1992 Mar 12, 1992 Mar 16, 1992
$0.4000 A Regular N/A Mar 06, 1991 Mar 12, 1991 Mar 15, 1991
$0.4000 A Regular Mar 02, 1990 Mar 06, 1990 Mar 12, 1990 Mar 15, 1990
$0.4000 A Regular Feb 27, 1989 Feb 28, 1989 Mar 06, 1989 Mar 13, 1989
$0.4000 A Regular Feb 26, 1988 Mar 01, 1988 Mar 07, 1988 Mar 14, 1988
$0.4000 A Regular Feb 26, 1987 Feb 26, 1987 Mar 04, 1987 Mar 12, 1987
$0.4000 A Regular N/A Feb 26, 1986 Mar 04, 1986 Mar 12, 1986
$0.4000 A Regular N/A Feb 26, 1985 Mar 04, 1985 Mar 12, 1985
$0.4000 A Regular N/A Feb 28, 1984 N/A N/A
$0.3500 A Regular N/A Feb 28, 1983 N/A N/A
$0.3000 A Regular N/A Feb 22, 1982 N/A N/A
$0.2500 A Regular N/A Feb 23, 1981 N/A N/A

Peer Comparison

Selected Oil & Gas Exploration & Production dividend payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
EOG EOG Resources, Inc. 2.54% 22.8% 8 yrs 80
CNQ Canadian Natural Resources Limited 3.29% 21.8% 9 yrs 78
OXY Occidental Petroleum Corporation 1.78% 3.2% 4 yrs 74
EQT EQT Corporation 1.21% 84.3% 3 yrs 74

TPL dividend — frequently asked questions

Does Texas Pacific Land Corporation pay a dividend?

Yes. Texas Pacific Land Corporation (TPL) currently pays a dividend. The annualized dividend is about $2.40 per share, a yield of approximately 0.72%.

What is Texas Pacific Land Corporation's dividend yield?

Texas Pacific Land Corporation's dividend yield is approximately 0.72%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does Texas Pacific Land Corporation pay dividends?

Texas Pacific Land Corporation pays dividends quarterly — 4 times per year.

How long has Texas Pacific Land Corporation paid dividends?

Texas Pacific Land Corporation has 45 years of dividend payments on record, and has increased its dividend for 4 consecutive years.

Data updated Oct 29, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.