The energy-focused royalty firm boosts its payout to $0.41, marking a 10.8% increase from the prior $0.37 dividend.
Kimbell Royalty Partners announced a $0.41 per share quarterly dividend, up 10.8% from the previous $0.37 payout. The new dividend yields 11.3% on a forward basis.
The increase follows a prior dividend of $0.37 and reflects ongoing growth in the company’s cash flow. The dividend is payable May 27 to shareholders of record as of May 19, with an ex-dividend date set for the same day.
No immediate market reaction was disclosed in the announcement.