Texas Pacific Land Trust Declares Regular and Special Dividends
February 24 2020 - 7:30AM
Business Wire
Texas Pacific Land Trust (NYSE: TPL) announced today that its
Trustees have declared a cash dividend of $10.00 per sub-share, an
increase of $8.25 over the cash dividend paid in 2019, payable
March 16, 2020 to sub-shareholders of record at the close of
business on March 9, 2020. This is the 17th consecutive year that
the regular dividend has increased. Additionally, the Trustees
declared a special dividend of $6.00 per sub-share, an increase of
$1.75 over the special dividend paid in 2019, payable March 16,
2020 to sub-shareholders of record at the close of business on
March 9, 2020.
Texas Pacific Land Trust is not a
REIT.
This news release may contain forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements regarding the Trust's
future operations and prospects, the markets for real estate in the
areas in which the Trust owns real estate, applicable zoning
regulations, the markets for oil and gas, production limits on
prorated oil and gas wells authorized by the Railroad Commission of
Texas, expected competitions, management's intent, beliefs or
current expectations with respect to the Trust's future financial
performance and other matters. We assume no responsibility to
update any such forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200224005312/en/
214-969-5530 Chris Steddum Vice President, Finance and Investor
Relations
Texas Pacific Land (NYSE:TPL)
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