Trailing Dividend / Share
$2.14
Texas Pacific Land Corporation (TPL) Dividend History
Income profile from 1981 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
0.6%
Payout Ratio
30.7%
Sustainable
Dividend Streak
4 years
TPL Dividend Income Check
Safety
30.7% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 0.8% and trend is falling.
TPL Dividend Scorecard
Yield & Income
Dividend Yield0.6%
Trailing DPS$2.14
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout30.7%
Earnings SafetySustainable
FCF Payout29.9%
FCF SafetyWell Covered
Piotroski F-Score5/9
Growth
Growth Streak4 years
3Y CAGR-15.7%
5Y CAGR-28.9%
Yield on Cost (5Y)0.8%
YOC Trendfalling
Total Returns
Buyback Yield0.1%
Total Shareholder Yield0.7%
1Y Total Return-66.9%
5Y Total Return-26.4%
Div Contribution (5Y)3.4%
Estimated $10K growth (return + dividends):
5Y ago$7,36110Y ago$68,26620Y ago$402,759
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
TPL Income Growth Story
Dividend per share and yield on cost over time (45 years of payments)
TPL Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Texas Pacific Land Corporation distributes 30.7% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 29.9%, rated "Well Covered".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
TPL has raised its dividend for 4 consecutive years, with a 3-year CAGR of -15.7% and 5-year CAGR of -28.9%.
Total Shareholder Returns
Beyond cash dividends, TPL returns capital through share repurchases. The combined picture: 0.6% dividend yield, 0.1% buyback yield, 0.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 0.8% and is currently falling. The 5-year total return is -26.4%, with dividends contributing 3.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $68,266 today.
TPL Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$16.79
Avg/Payment$0.8393
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 1, 2026Latest | $0.6000 | — | 61.56% | Jun 15, 2026 |
| Mar 2, 2026 | $0.6000 | ↑ +12.5% | 41.42% | Mar 16, 2026 |
| Dec 1, 2025 | $0.5333 | — | 74.96% | Dec 15, 2025 |
| Sep 2, 2025 | $0.5333 | — | 67.92% | Sep 16, 2025 |
| Jun 2, 2025 | $0.5333 | — | 1.44% | Jun 16, 2025 |
| Mar 3, 2025 | $0.5333 | — | 1.15% | Mar 17, 2025 |
| Dec 2, 2024 | $0.5333 | ↑ +36.8% | 1.63% | Dec 16, 2024 |
| Sep 3, 2024 | $0.3900 | ↓ -88.3% | 2.94% | Sep 17, 2024 |
TPL Dividend vs Peers
Comparable companies in the same industry
#9 yield in peer group
Div Yield
0.6%
#9 of 9
Safety
Sustainable
30.7% payout
Streak
4Y
-28.9% 5Y CAGR
Total Shareholder
0.7%
#9 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| TPLTexas Pacific Land C… | $24.5B | 0.6% | 30.7% | 4 | Sustainable |
3rd  VNOMViper Energy, Inc. | $15.5B | 5.3% | — | 2 | Unknown |
1st  DMLPDorchester Minerals,… | $1.2B | 11.1% | 2.3% | 0 | Sustainable |
2nd  BSMBlack Stone Minerals… | $3.0B | 9.6% | 95.2% | 0 | At Risk |
 NRPNatural Resource Par… | $1.3B | 4.2% | 42.2% | 0 | Sustainable |
 FANGDiamondback Energy, … | $51.6B | 2.2% | 69.5% | 8 | Watch |
 OXYOccidental Petroleum… | $51.5B | 3.1% | 67.3% | 4 | Watch |
 CVXChevron Corporation | $346.5B | 4.0% | 1.0% | 38 | Sustainable |
 WTTRSelect Water Solutio… | $2.0B | 1.8% | 1.6% | 4 | Sustainable |
TPL Annual Dividend History (1981–2026)
46 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.20 | — | 2 | — | — | — | 0.5% |
| 2025 | $2.13 | -73.8% | 4 | $6.97 | 30.6% | 3.27x | 0.8% |
| 2024 | $8.15 | 464.0% | 5 | $6.57 | 123.9% | 0.81x | 3.2% |
| 2023 | $1.44 | -59.4% | 4 | $5.86 | 24.6% | 4.06x | 0.6% |
| 2022 | $3.56 | 190.9% | 4 | $6.42 | 55.4% | 1.81x | 1.4% |
| 2021 | $1.22 | -89.6% | 4 | $3.87 | 31.6% | 3.17x | 0.5% |
| 2020 | $11.78 | 1666.7% | 2 | $2.52 | 466.8% | 0.21x | 4.7% |
| 2019 | $0.67 | -50.6% | 1 | $4.57 | 14.6% | 6.85x | 0.3% |
| 2018 | $1.35 | 0.0% | 1 | $2.99 | 45.1% | 2.22x | 0.5% |
| 2017 | $1.35 | 3819.4% | 1 | $1.38 | 98.1% | 1.02x | 0.5% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into TPL consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
45+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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TPL — Frequently Asked Questions
Quick answers to the most common questions about buying TPL stock.
How much dividend does TPL pay per share?
Texas Pacific Land Corporation (TPL) pays a trailing 12-month dividend of $2.14 per share, with a current dividend yield of +0.6%. Payments are made Semi-Annual.
When is TPL's next ex-dividend date?
TPL's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TPL typically pays dividends Semi-Annual.
Is TPL's dividend safe?
TPL's dividend safety is rated "Sustainable" based on an earnings payout ratio of +30.7% and FCF payout ratio of +29.9%. The 4-year growth streak provides moderate confidence.
Is TPL a Dividend Payer?
Yes, Texas Pacific Land Corporation is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is -28.9%, demonstrating modest dividend growth.
How often does TPL pay dividends?
Texas Pacific Land Corporation pays dividends Semi-Annual. The trailing 12-month total is $2.14 per share. Dividend data on this page covers 45+ years from 1981 to 2026.
How much would $10,000 invested in TPL grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TPL five years ago would be worth approximately $7,361 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TPL's yield on cost for long-term holders?
TPL's yield on cost — the current dividend divided by the original purchase price — is +0.8% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +0.6% market yield, thanks to the lower original cost basis.