Texas Pacific Land Corporation
TPLEnergy · Stock · quarterly payer
Forward Yield
0.68%
Annual Dividend
$2.40
Payout Ratio
29%
5-Yr Growth
-18.1%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Summary
As of September 2026, Texas Pacific Land Corporation (TPL) yields 0.68% ($2.40 per share annually), with a blended fair-value estimate of $283.70 — -20% downside, so it screens as overvalued. Dividend safety grade: B (68/100). 4 years of dividend growth.
Is TPL a good dividend stock?
Yes, with caveatsTexas Pacific Land Corporation (TPL) pays a quarterly dividend yielding 0.68% ($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%)
- 149% total price return over 5 years
Risks
- Cut its dividend in 2021
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 0.68%
- 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
- 0.62
- Market Cap
- $24.3B
- P/E Ratio
- 45.0
- 5-Yr Total Return
- 149%
- 52-Week Range
- $269.23 – $547.20
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
TPL Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+72%
5 Years
+149%
52-Week Range
$269.23 – $547.20
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TPL worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Texas Pacific Land Corporation is $283.70 per share, versus a market price of $352.67. That implies 20% of downside.
Fair Value
$283.70
Current Price
$352.67
Downside
-20%
Margin of Safety
-24%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.4% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $7.83 EPS, $2.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TPL Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | — | $0.6000 | regular |
| Jun 1, 2026 | — | $0.6000 | regular |
| Mar 2, 2026 | — | $0.6000 | regular |
| Dec 1, 2025 | — | $0.5333 | regular |
| Sep 2, 2025 | — | $0.5333 | regular |
| Jun 2, 2025 | — | $0.5333 | regular |
| Mar 3, 2025 | — | $0.5333 | regular |
| Dec 2, 2024 | — | $0.5333 | regular |
| Sep 3, 2024 | — | $0.3900 | regular |
| Jul 1, 2024 | — | $3.3333 | regular |
| Jun 3, 2024 | — | $0.3900 | regular |
| Feb 29, 2024 | — | $0.3889 | regular |
| Nov 30, 2023 | — | $0.3611 | regular |
| Aug 31, 2023 | — | $0.3611 | regular |
Income Calculator
At $2.40 / yr per share
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