01:15 PM EST, 03/08/2024 (MT Newswires) -- Texas Pacific Land ( TPL ) said late Thursday its board has approved a three-for-one stock split, which will be distributed as a stock dividend on March 26 to shareholders of record on March 18.

The stock will begin trading on a stock-split adjusted basis on March 27, the company said.

Shares of Texas Pacific Land ( TPL ) were up more than 2% in recent Friday trading.

Price: 1541.76, Change: +40.14, Percent Change: +2.67