Texas Pacific Land (Texas Pacific Land) Dividend Payout Ratio : 0.22 (As of Dec. 2023)

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What is Texas Pacific Land Dividend Payout Ratio?

Texas Pacific Land's dividend payout ratio for the months ended in Dec. 2023 was 0.22.

The historical rank and industry rank for Texas Pacific Land's Dividend Payout Ratio or its related term are showing as below:

TPL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.44
Current: 0.25

During the past 13 years, the highest Dividend Payout Ratio of Texas Pacific Land was 0.44. The lowest was 0.03. And the median was 0.06.

TPL's Dividend Payout Ratio is ranked better than
71.4% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TPL: 0.25

As of today (2024-04-25), the Dividend Yield % of Texas Pacific Land is 0.77%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Texas Pacific Land was 2.23%. The lowest was 0.06%. And the median was 0.23%.

Texas Pacific Land's Dividends per Share for the months ended in Dec. 2023 was $1.08.

During the past 12 months, Texas Pacific Land's average Dividends Per Share Growth Rate was 8.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 69.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 63.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Texas Pacific Land was 205.40% per year. The lowest was -15.40% per year. And the median was 13.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Texas Pacific Land Dividend Payout Ratio Historical Data

The historical data trend for Texas Pacific Land's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Texas Pacific Land Dividend Payout Ratio Chart

Texas Pacific Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.04

0.44

0.32

0.21

0.25

Texas Pacific Land Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.23	0.29	0.25	0.24	0.22

Competitive Comparison of Texas Pacific Land's Dividend Payout Ratio

For the Oil & Gas E&P subindustry, Texas Pacific Land's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Texas Pacific Land's Dividend Payout Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texas Pacific Land's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Texas Pacific Land's Dividend Payout Ratio falls into.

Texas Pacific Land Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Texas Pacific Land's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	4.333	/	17.59
	=	0.25

Texas Pacific Land's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	1.083	/	4.91
	=	0.22

Texas Pacific Land (NYSE:TPL) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Texas Pacific Land Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Texas Pacific Land's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Texas Pacific Land (Texas Pacific Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texas Pacific Land Corp (NYSE:TPL) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

9WY:Germany 9WY:Germany

Address

1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201

Website

https://www.texaspacific.com

Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

Executives

Murray Stahl	director	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Horizon Kinetics Asset Management Llc	10 percent owner	470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Rhys J Best	director	MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
Donald G Cook	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Micheal W. Dobbs	officer: Senior VP, Secretory + GC	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Karl F Kurz	director	DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Stephanie Buffington	officer: Chief Accounting Officer
Dana F. Mcginnis	director	112 E PECAN STREET, SUITE 1425, SAN ANTONIO TX 78025
Barbara J Duganier	director	6 CARLTON PARK COURT, HOUSTON TX 77024-7316
Norris John R Iii	director	3811 TURTLE CREEK BLVD #400, C/O CALOWAY NORRIS & BURDETTE, DALLAS TX 75219
Donna E Epps	director	11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097
Eric L Oliver	director	303 W WALL, SUITE 1700, MIDLAND TX 79701
Chris Steddum	officer: Chief Financial Officer	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Tyler Glover	director, officer: President & CEO	1700 PACIFIC AVENUE, SUITE 2770, C/O TEXAS PACIFIC LAND TRUST, DALLAS TX 75201
David E. Barry	director	C/O SIDRA REAL ESTATE, INC., TWO RIVERWAY, SUITE 1010, HOUSTON TX 77056