Texas Pacific Land Corporation Announces Special Dividend of $10 Per Share and Cash Balance Target [Yahoo! Finance]
Texas Pacific Land Corporation (TPL)
Last texas pacific land corporation earnings: 4/30 04:30 pm
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Source: Yahoo! Finance
The special dividend will be payable on July 15, 2024 to stockholders of record at the close of business on July 1, 2024. "With tailwinds of excellent business execution, supportive fundamentals, and a fortress balance sheet, we're pleased to announce a special dividend, which is the largest in TPL's history and represents a 50% increase compared to the most recent prior split-adjusted special dividend," said Tyler Glover, Chief Executive Officer of the Company. "As we evaluate our current capital structure, capital allocation priorities, business fundamentals, and investment opportunities, we have set a target cash and cash equivalents ("cash") balance of approximately $700 million. Above this targeted level, TPL will seek to deploy the majority of its free cash flow towards share repurchases and dividends. "Even beyond the special dividend announced today, the Company still retains tremendous optionality to return additional capital to stockholders and to invest in attractive gr
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News
- Texas Pacific Land Co. (NYSE: TPL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- retail investors who own 51% along with institutions invested in Texas Pacific Land Corporation (NYSE:TPL) saw increase in their holdings value last week [Yahoo! Finance]Yahoo! Finance
- Stock splits are back in fashion. Here's why, and which companies could be next [CNBC]CNBC
- Texas Pacific Land Corporation Announces Special Dividend of $10 Per Share and Cash Balance TargetBusiness Wire
- Texas Pacific (TPL) Recently Broke Out Above the 20-Day Moving Average [Yahoo! Finance]Yahoo! Finance
TPL
Earnings
- 5/8/24 - Beat
TPL
Sec Filings
- 6/13/24 - Form 8-K
- 6/7/24 - Form 4
- 6/6/24 - Form 4
- TPL's page on the SEC website