dividend
confidence high
sentiment positive
materiality 0.75
TPL declares $10 special dividend, sets $700M cash target for capital allocation
Texas Pacific Land Corp
- $10.00 per share special dividend, largest in TPL history; payable July 15, record July 1.
- Special dividend 50% higher than prior split-adjusted special dividend, per CEO.
- Company sets ~$700M cash balance target; excess free cash flow to share repurchases and dividends.