TPL Texas Pacific Land Corporation — dividend yield, history & ex-dividend dates
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
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.
How the Dividend Safety Score is built for TPL
| Input | Value | Points | Weight |
|---|---|---|---|
| Earnings payout ratio | Earnings payout ratio 29% (TTM to Jun 30, 2026) | 100 | 20% |
| FCF payout ratio | FCF payout ratio 30% (TTM to Jun 30, 2026) | 100 | 25% |
| Net debt / EBITDA | Net cash (TTM to Jun 30, 2026) | 100 | 15% |
| Interest coverage | Interest coverage 258.7x (TTM to Jun 30, 2026) | 100 | 10% |
| Dividend record | 45 years of uninterrupted regular payments | 100 | 20% |
| Earnings stability | Net 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
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | N/A (not used) | N/A | 25% |
| Consecutive annual increases | 4 consecutive annual increases (through 2025) | 52 | 20% |
| Payout headroom | Headroom 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 growth | 10-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
| Input | Value | Points | Weight |
|---|---|---|---|
| Yield vs own history | Current yield at the 61st percentile of its 97 month-end yields | 61 | 40% |
| P/E vs own 5-year median | P/E 43.1 is 1.06x its 5-year median of 40.6 | 42 | 25% |
| FCF yield | FCF yield 2.3% (TTM to Jun 30, 2026) | 30 | 20% |
| P/E vs peers | P/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
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
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
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.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| 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 |
Related Guides & Lists
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.