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.

item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001811074-24-000036
form_type: 8-K
ticker: TPL
cik: 0001811074
company_name: Texas Pacific Land Corp
filed_at: 2024-06-13T23:59:59+00:00
discovered_at: 2026-05-14T18:03:20.259618+00:00
generated_at: 2026-06-01T04:40:05.597865+00:00
sec_items: ["8.01", "9.01"]
event_type: dividend
sentiment: positive
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001811074-24-000036
json_url: https://secwatch.observer/filing/0001811074-24-000036.json
markdown_url: https://secwatch.observer/filing/0001811074-24-000036.md
text_url: https://secwatch.observer/filing/0001811074-24-000036.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1811074/000181107424000036/0001811074-24-000036-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1811074/000181107424000036/tpl-20240613.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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Source: SEC EDGAR

accession 0001811074-24-000036

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