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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Texas Pacific Land Corporation (TPL) pays a $2.33 annual dividend ($0.60 quarterly), yielding 0.64% at $362.42/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.64%
Annual Dividend: $2.33 per share
Payout Ratio: 29.0%
Ex-Dividend Date: 2026-09-01
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 45
Texas Pacific Land Corporation pays a quarterly dividend, making it one of the more unusual income stories in the energy sector. TPL's $2.3333 per share trailing annual dividend reflects payments from a business built on nearly 880,000 acres of West Texas land, oil and gas royalty interests, and water services across the Permian Basin. The current dividend yield sits at 0.64%, with the next ex-dividend date on September 1, 2026. Growth-oriented income investors are the natural audience here: a beta of 0.618 points to below-market price volatility, but the yield itself is low, and the real story is the dividend's long-run growth rate.
Texas Pacific Land Corporation pays out 29% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain the current dividend even if royalty income from oil and gas interests or water services revenue in the Permian Basin softens. Texas Pacific Land Corporation dividend safety is further supported by the asset-light nature of its royalty model: TPL collects royalties on production across its acreage rather than bearing direct drilling costs. The main pressure point is commodity price exposure, since royalty income tied to oil and gas activity in West Texas moves with energy markets.
Texas Pacific Land Corporation dividend history shows a CAGR of 16.2% per year from 2003 to 2024. Per-share payments grew from $0.75 to $17.44 over that span (with 2025 and 2026 partial years not included in the CAGR calculation, per Texas Pacific Land Corporation dividend 2026 data). The largest annual increase in the window was 335.5% in 2017, and the history also contains at least one year-over-year decline exceeding 5%, so the growth path has been anything but linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 5-Year | -24.4% | $26.00 (2020) | $6.40 (2025) |
| 10-Year | +36.3% | $0.29 (2015) | $6.40 (2025) |
TPL stock fits growth-and-income investors who prioritize dividend growth over current yield, and the data makes that trade-off explicit. The current yield of 0.64% is low (below 2%), and it sits far below the 5-year average yield of 4.41%, which reflects how much the share price has appreciated relative to the dividend. What Texas Pacific Land Corporation offers in return is a 16.2% annualized dividend growth rate over two decades, driven by royalty income from nearly 880,000 acres of Permian Basin land. The 29% payout ratio keeps the dividend well-covered. An investor in TPL accepts a minimal income yield today in exchange for exposure to a royalty business with a long history of aggressive dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-01 | $0.6000 |
| 2026-06-01 | $0.6000 |
| 2026-03-02 | $0.6000 |
| 2025-12-01 | $1.6000 |
| 2025-09-02 | $1.6000 |
| 2025-06-02 | $1.6000 |
| 2025-03-03 | $1.6000 |
| 2024-12-02 | $1.6000 |
| 2024-09-03 | $1.1700 |
| 2024-07-01 | $10.0000 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8000 |
| 2025 | $6.4000 |
| 2024 | $17.4400 |
| 2023 | $13.0000 |
| 2022 | $32.0000 |
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