DIVIDEND ANNOUNCEMENT: Sub Shs/Texas Pacific Land Trust (NYSE:TPL) on 02/24/2020 declared a dividend of $10.0000 per share

Sub Shs/Texas Pacific Land Trust (NYSE:TPL) on 02/24/2020 declared a dividend of $ 10.0000 per share payable on March 16, 2020 to shareholders of record as of March 09, 2020. Dividend amount recorded is an increase of $ 5.75 from last dividend Paid.

Sub Shs/Texas Pacific Land Trust (NYSE:TPL) has paid dividends since 1991, has a current dividend yield of 1.3071895838% and has increased its dividends for 5 successive years.

Sub Shs/Texas Pacific Land Trust's market cap is $ 5,933,340,000 and has a PE ratio of 19.01. The stock price closed yesterday at $ 765.00 and has a 52 week low/high of $ 565.10 and $ 915.66.

Texas Pacific Land Trust is engaged in holding title to tracts of land in numerous counties in West Texas. Co. has two segments: Land and Resource Management, which encompasses the business of managing the land and related resources in West Texas owned by Co.; and Water Service and Operations, which mainly consists of revenues from royalties on sales of water, direct sales of water and to a lesser extent, easements and sundry income. Texas Pacific Water Resources LLC, a single member LLC and wholly owned subsidiary of Co., focuses on providing water offering to operators in the Permian Basin. These services include brackish water sourcing, and produced-water gathering/treatment/recycling.

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