SmarterDividends
KRP

Kimbell Royalty Partners, LP

KRP

Energy · Oil & Gas E&P · Stock · quarterly payer

$16.86

Undervalued · +18% Add to Portfolio

Forward Yield

9.49%

Annual Dividend

$1.60

Payout Ratio

178%

5-Yr Growth

19.6%

Ex-Date

Aug 17, 2026

Frequency

Quarterly

Key facts about KRP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Kimbell Royalty Partners, LP (KRP) has a forward dividend yield of 9.49%, based on an annual dividend of $1.60 per share and a share price of $16.86.
  • As of Oct 27, 2026, KRP's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
  • KRP last cut its regular dividend in 2025.
  • KRP's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.47 per share.
  • As of Oct 27, 2026, KRP pays out 178% of its trailing 12-month earnings as dividends (its payout ratio).
  • KRP's dividend has grown at an average rate of 19.6% a year over the past five years.
  • As of Oct 27, 2026, KRP's 9.49% yield is 13% below its five-year average yield of 10.87%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for KRP is $19.91 per share, 18% above the $16.86 share price, so KRP screens as undervalued.
  • Kimbell Royalty Partners, LP (KRP) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "KRP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/KRP

Summary

As of Oct 27, 2026, Kimbell Royalty Partners, LP (KRP) yields 9.49% ($1.60 a year per share) and has a dividend safety grade of D (46/100).

Is KRP a good dividend stock?

Mixed

Kimbell Royalty Partners, LP (KRP) pays a quarterly dividend yielding 9.49% ($1.60/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 19.6% 5-yr dividend growth

Risks

  • Cut its dividend in 2025
  • Elevated payout ratio (178%)
  • Very high yield can signal elevated risk
  • Below-average dividend safety score

Key Data

Dividend Yield
9.49%
Payout Ratio
178%
Annual Dividend
$1.60
5-Yr Avg Growth
19.6%
Ex-Dividend Date
Aug 17, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.42
Market Cap
$2.2B
P/E Ratio
19.8
5-Yr Total Return
21%
52-Week Range
$11.31 – $17.00
Dividend Safety
D · 46/100
Ever Cut?
Yes (2025)

KRP dividend changes

Kimbell Royalty Partners, LP (KRP) pays a variable dividend: across the 38 payments on record since 2017, 21 were higher than the one before and 11 lower. The latest change was up 14.6% to $0.470 per share, going ex-dividend on Aug 17, 2026.

Ex-dateChangeOld → newMove
Aug 17, 2026Higher$0.410 → $0.470+14.6%
May 19, 2026Higher$0.370 → $0.410+10.8%
Mar 18, 2026Higher$0.350 → $0.370+5.7%
Nov 17, 2025Lower$0.380 → $0.350−7.9%
Aug 18, 2025Lower$0.470 → $0.380−19.1%
May 20, 2025Higher$0.400 → $0.470+17.5%
Mar 18, 2025Lower$0.410 → $0.400−2.4%
Nov 18, 2024Lower$0.420 → $0.410−2.4%
Aug 12, 2024Lower$0.490 → $0.420−14.3%
May 10, 2024Higher$0.430 → $0.490+14.0%
Mar 12, 2024Higher$0.390 → $0.430+10.3%
Aug 11, 2023Higher$0.350 → $0.390+11.4%
Every KRP payment →Download every raise and cut (CSV)
KRP ex-dividend date & scheduleNext ex-date Aug 17, 2026 · full ex-dividend historyView →KRP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is KRP a good dividend stock?

Mixed. Kimbell Royalty Partners, LP (KRP) pays a quarterly dividend yielding 9.49% ($1.60/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is KRP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, KRP's fair value is about $19.91 versus a $16.86 share price — so it looks undervalued (+18% vs. fair value).

Is KRP's dividend safe?

KRP has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is KRP's fair value?

Our blended fair-value estimate for KRP is about $19.91 per share, roughly 18% above the current $16.86 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is KRP a buy, hold, or sell?

We don't issue formal ratings, but on the data KRP screens as "mixed" and undervalued. Kimbell Royalty Partners, LP (KRP) pays a quarterly dividend yielding 9.49% ($1.60/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will KRP cut its dividend?

KRP earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does KRP pay a dividend?

Yes. Kimbell Royalty Partners, LP pays a quarterly dividend of about $1.60 per share annually, a forward yield of roughly 9.49%.

What is KRP's dividend yield?

As of Oct 27, 2026, KRP's forward dividend yield is 9.49%, based on a $1.60 annual dividend and a $16.86 share price.

What is KRP's dividend per share?

As of Oct 27, 2026, KRP pays $1.60 per share per year, distributed on a quarterly basis.

What is KRP's dividend payout ratio?

As of Oct 27, 2026, KRP's payout ratio is 178% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has KRP grown its dividend?

KRP does not currently have a long dividend-growth streak on record.

When is the next KRP ex-dividend date?

As of Oct 27, 2026, KRP's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.47 per share.

KRP Dividend News

KRP
IncreaseKRP·Aug 26, 2026

Kimbell Royalty Partners Raises Quarterly Distribution to $0.47

Kimbell Royalty Partners increased its quarterly distribution by 14.63%, with the units carrying a 10.35% forward annual yield at the supplied share price.

Income Calculator

At $1.60 / yr per share

Per payment (quarterly)$40.00
Annual$160.00
Monthly avg$13.33

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