Texas Pacific Land Trust Announces Annual Dividend
February 21 2017 - 4:19PM
Business Wire
Texas Pacific Land Trust (NYSE:TPL) announced today that its
Board of Trustees has declared a cash dividend of $0.35 per
sub-share payable March 16, 2017 to sub-shareholders of record at
the close of business on March 9, 2017. This is the 14th
consecutive year that the regular dividend has been increased.
Additionally, the Trustees declared a special dividend of $1.00 per
sub-share payable March 16, 2017 to sub-shareholders of record at
the close of business on March 9, 2017.
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: http://www.businesswire.com/news/home/20170221006676/en/
Texas Pacific Land TrustRobert J. Packer, 214-969-5530General
Agent, Chief Financial Officer
Texas Pacific Land (NYSE:TPL)
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