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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Diamondback Energy, Inc. (FANG) pays a $4.25 annual dividend ($1.10 quarterly), yielding 2.23% at $195.60/share. Next ex-dividend date 2026-08-13. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.23%
Annual Dividend: $4.25 per share
Payout Ratio: 79.1%
Ex-Dividend Date: 2026-08-13
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 9
Diamondback Energy, Inc. dividend income comes from one of the Permian Basin's focused independent oil and gas producers, operating across the Midland and Delaware Basins in West Texas. FANG currently yields 2.29%, with trailing twelve-month payments of $4.25 per share paid quarterly. The next ex-dividend date is August 13, 2026, with the most recent quarterly payment at $1.10 per share. A beta of 0.537 means FANG stock moves at roughly half the volatility of the broader market, which appeals to income investors who want energy exposure without the full swing of commodity-driven price swings.
Diamondback Energy, Inc. pays out 79.1% of earnings as dividends, a payout ratio classified as high (above 75%). That level leaves a narrower buffer than most income investors prefer, and Diamondback Energy, Inc. dividend safety depends heavily on oil and gas revenue from its Permian Basin operations holding up. The most significant pressure point is commodity price exposure: as an E&P company with no downstream diversification, a sustained drop in oil prices directly compresses the earnings base that supports the current payout.
Diamondback Energy, Inc. dividend history shows a CAGR of 64.5% per year from 2019 to 2024. Per-share payments grew from $0.6875 in 2019 to $8.29 in 2024 (2025 and 2026 figures are partial years and excluded from the CAGR calculation). The largest single-year jump in the window was 412.0% in 2022, though the history also contains at least one year-over-year decline exceeding 5%, so the growth path has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -23.6% | $8.96 (2022) | $4.00 (2025) |
| 5-Year | +21.7% | $1.50 (2020) | $4.00 (2025) |
FANG fits dividend investors who want energy sector income and can tolerate a payout tied directly to Permian Basin oil and gas revenues. The current yield of 2.29% is moderate (2-4%), and it sits below the 5-year average yield of 3.21%, meaning today's buyers are getting less income relative to price than the historical norm. The 64.5% CAGR over five years is exceptional on paper, but that growth has not been smooth: one year saw a decline exceeding 5%, and the consecutive increase streak stands at zero. The trade-off is clear: extraordinary historical growth potential paired with a high payout ratio and commodity-linked income that can move sharply in either direction.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-13 | $1.1000 |
| 2026-05-14 | $1.1000 |
| 2026-03-05 | $1.0500 |
| 2025-11-13 | $1.0000 |
| 2025-08-14 | $1.0000 |
| 2025-05-15 | $1.0000 |
| 2025-03-06 | $1.0000 |
| 2024-11-14 | $0.9000 |
| 2024-08-15 | $2.3400 |
| 2024-05-14 | $1.9700 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.2500 |
| 2025 | $4.0000 |
| 2024 | $8.2900 |
| 2023 | $7.9900 |
| 2022 | $8.9600 |
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