The energy royalty firm sets a $0.47 quarterly payout, up from $0.41, yielding 12.41% forward.
Kimbell Royalty Partners declared a $0.47 per-share quarterly dividend, marking a 14.6% increase from the previous $0.41 payout. The move lifts the forward yield to 12.41%.
The prior dividend stood at $0.41 per share, with the new rate reflecting a double-digit percentage gain. The dividend is payable August 24 to shareholders of record as of August 17, with an ex-dividend date also set for August 17.