SmarterDividends
TPL

Texas Pacific Land (TPL) Dividend

Texas Pacific Land Corporation · Energy · Oil & Gas E&P · quarterly payer

$287.56

Overvalued · -27% Add to Portfolio

As of Nov 5, 2026, Texas Pacific Land (TPL) pays a quarterly dividend of $0.60 per share, or $2.40 a year, a 0.83% yield at its $287.56 share price. It pays every quarter, usually in March, June, September and December. It has raised its dividend 4 years in a row and has a dividend safety grade of B.

Forward Yield

0.83%

Annual Dividend

$2.40

Payout Ratio

29%

5-Yr Growth

-18.1%

Ex-Date

Sep 1, 2026

Frequency

Quarterly

Key facts about TPL's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Texas Pacific Land Corporation (TPL) has a forward dividend yield of 0.83%, based on an annual dividend of $2.40 per share and a share price of $287.56.
  • As of Nov 5, 2026, TPL's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Texas Pacific Land Corporation (TPL) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
  • TPL last cut its regular dividend in 2021.
  • TPL's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.60 per share.
  • As of Nov 5, 2026, TPL pays out 29% of its trailing 12-month earnings as dividends (its payout ratio).
  • TPL's dividend has shrunk at an average rate of 18.1% a year over the past five years.
  • As of Nov 5, 2026, TPL's 0.83% yield is 29% below its five-year average yield of 1.17%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TPL is $210.09 per share, 27% below the $287.56 share price, so TPL screens as overvalued.
  • Texas Pacific Land Corporation (TPL) pays its dividend quarterly, 4 times a year.
  • Texas Pacific Land Corporation (TPL) has raised its regular dividend 21 times and cut it 2 times across the 60 payments on record since 1987. Its most recent change was a 12.5% increase to $0.600 per share, going ex-dividend on Mar 2, 2026. The last cut went ex-dividend on Mar 5, 2021.
  • Texas Pacific Land (TPL) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 12.5%, was declared on Feb 10, 2026.
Cite this page

SmarterDividends, "TPL Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TPL

Is TPL a good dividend stock?

Yes, with caveats

Texas Pacific Land Corporation (TPL) pays a quarterly dividend yielding 0.83% ($2.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (29%)
  • 147% total price return over 5 years

Risks

  • Cut its dividend in 2021
  • Dividend has been shrinking, not growing

Key Data

Dividend Yield
0.83%
Payout Ratio
29%
Annual Dividend
$2.40
5-Yr Avg Growth
-18.1%
Ex-Dividend Date
Sep 1, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.58
Market Cap
$19.8B
P/E Ratio
33.8
5-Yr Total Return
147%
52-Week Range
$269.23 – $547.20
Dividend Safety
B · 68/100
Ever Cut?
Yes (2021)

TPL dividend raises and cuts

Texas Pacific Land Corporation (TPL) has raised its regular dividend 21 times and cut it 2 times across the 60 payments on record since 1987. Its most recent change was a 12.5% increase to $0.600 per share, going ex-dividend on Mar 2, 2026. The last cut went ex-dividend on Mar 5, 2021.

Ex-dateChangeOld → newMove
Mar 2, 2026Raise$0.533 → $0.600+12.5%
Dec 2, 2024Raise$0.390 → $0.533+36.8%
Jun 3, 2024Raise$0.389 → $0.390+0.3%
Feb 29, 2024Raise$0.361 → $0.389+7.7%
Mar 7, 2023Raise$0.333 → $0.361+8.3%
Mar 7, 2022Raise$0.306 → $0.333+9.1%
Mar 5, 2021Cut$0.667 → $0.306−54.2%
Mar 7, 2019Raise$0.450 → $0.667+48.1%
Mar 8, 2018Raise$0.150 → $0.450+200.0%
Mar 7, 2017Raise$0.0344 → $0.150+335.5%
Mar 7, 2016Raise$0.0322 → $0.0344+6.9%
Mar 5, 2015Raise$0.0300 → $0.0322+7.4%
Show all 23 changes since 2003
Ex-dateChangeOld → newMove
Mar 4, 2014Raise$0.0278 → $0.0300+8.0%
Dec 12, 2012Raise$0.0256 → $0.0278+8.7%
Mar 2, 2012Raise$0.0233 → $0.0256+9.5%
Mar 2, 2011Raise$0.0222 → $0.0233+5.0%
Mar 10, 2010Raise$0.0211 → $0.0222+5.3%
Mar 10, 2009Raise$0.0200 → $0.0211+5.6%
Mar 5, 2008Raise$0.0178 → $0.0200+12.5%
Mar 5, 2007Raise$0.0144 → $0.0178+23.1%
Mar 3, 2006Raise$0.0111 → $0.0144+30.0%
Mar 3, 2004Raise$0.0078 → $0.0111+42.9%
Aug 22, 2003Cut$0.0089 → $0.0078−12.5%
Every TPL payment →Download every raise and cut (CSV)
TPL ex-dividend date & scheduleNext ex-date Sep 1, 2026 · full ex-dividend historyView →TPL dividend historyEvery payment, totals by year, raises and cutsView →TPL dividend calculator100 shares pay $240.00 a year, $60.00 each quarterCalculate →TPL total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is TPL a good dividend stock?

Yes, with caveats. Texas Pacific Land Corporation (TPL) pays a quarterly dividend yielding 0.83% ($2.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is TPL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TPL's fair value is about $210.09 versus a $287.56 share price — so it looks overvalued (-27% vs. fair value).

Is TPL's dividend safe?

TPL has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is TPL's fair value?

Our blended fair-value estimate for TPL is about $210.09 per share, about 27% below the current $287.56 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TPL a buy, hold, or sell?

We don't issue formal ratings, but on the data TPL screens as "yes, with caveats" and overvalued. Texas Pacific Land Corporation (TPL) pays a quarterly dividend yielding 0.83% ($2.40/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will TPL cut its dividend?

TPL earns a dividend-safety grade of B (68/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TPL pay a dividend?

Yes. Texas Pacific Land Corporation pays a quarterly dividend of about $2.40 per share annually, a forward yield of roughly 0.83%.

How much dividend does 100 shares of TPL pay?

At $2.40 per share a year, 100 shares of TPL pay $240.00 a year in dividends before tax, about $60.00 each quarter. Buying them costs about $28,756 at the Nov 5, 2026 price.

What is TPL's dividend yield?

As of Nov 5, 2026, TPL's forward dividend yield is 0.83%, based on a $2.40 annual dividend and a $287.56 share price.

What is TPL's dividend per share?

As of Nov 5, 2026, TPL pays $2.40 per share per year, distributed on a quarterly basis.

What is TPL's dividend payout ratio?

As of Nov 5, 2026, TPL's payout ratio is 29% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has TPL grown its dividend?

As of Nov 5, 2026, TPL has increased its dividend for 4 consecutive years.

When is the next TPL ex-dividend date?

As of Nov 5, 2026, TPL's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.60 per share.

Income Calculator

At $2.40 / yr per share

Per payment (quarterly)$60.00
Annual$240.00
Monthly avg$20.00
Full TPL dividend calculator →

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