The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Texas Pacific Land Corporation (TPL) pays a $2.27 annual dividend ($0.60 quarterly), yielding 0.68% at $350.92/share. Next ex-dividend date 2026-09-01. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.68%
Annual Dividend: $2.27 per share
Payout Ratio: 28.9%
Ex-Dividend Date: 2026-09-01
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 45
Texas Pacific Land Corporation dividend income comes from one of the most distinctive land and royalty businesses in the United States. TPL owns surface acres and oil and gas royalty interests across the Permian Basin, and also runs a full-service water operations business serving Permian operators. The trailing annual dividend rate is $2.27 per share, paid quarterly, with the next ex-dividend date on September 1, 2026. At a 0.66% yield and a beta of 0.588, this stock fits investors who prioritize dividend growth over immediate income.
Texas Pacific Land Corporation pays out 28.9% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain and grow the dividend even if royalty income from Permian Basin oil and gas activity fluctuates. The most significant pressure point for Texas Pacific Land Corporation dividend safety is revenue concentration: both the land royalty and water services segments are tied directly to Permian Basin drilling activity, so a prolonged downturn in operator spending would hit the top line before the payout ratio offers any protection.
Texas Pacific Land Corporation dividend history shows a CAGR of 31.2% per year from 2003 to 2024. Per-share payments grew from $0.0167 to $5.0355 over that period (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 1,666.6% in 2020, 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 | -28.9% | $11.78 (2020) | $2.13 (2025) |
| 10-Year | +22.1% | $0.29 (2015) | $2.13 (2025) |
TPL fits growth-and-income investors who want exposure to Permian Basin royalty and water infrastructure and are willing to accept a low current yield in exchange for a historically fast-growing dividend. The current yield of 0.66% is low (below 2%), and it sits only modestly above the 5-year average of 0.61%, so there is no meaningful yield discount on offer today. What the stock delivers instead is a 28.9% payout ratio that leaves room for continued dividend increases, paired with a 31.2% annualized growth rate over two decades. The trade-off is clear: income investors who need yield now will find little here, while those focused on long-run dividend growth get a business with a durable Permian land and royalty footprint backing a very conservative payout.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-01 | $0.6000 |
| 2026-06-01 | $0.6000 |
| 2026-03-02 | $0.6000 |
| 2025-12-01 | $0.5333 |
| 2025-09-02 | $0.5333 |
| 2025-06-02 | $0.5333 |
| 2025-03-03 | $0.5333 |
| 2024-12-02 | $0.5333 |
| 2024-09-03 | $0.3900 |
| 2024-07-01 | $3.3333 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8000 |
| 2025 | $2.1332 |
| 2024 | $5.0355 |
| 2023 | $1.4444 |
| 2022 | $8.8889 |
Project income from TPL with the TPL dividend calculator or track your full portfolio with the dividend tracker.