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Data last updated: Jul 13, 2026
Snapshot (as of Jul 13, 2026): Diamondback Energy, Inc. (FANG) pays a $4.15 annual dividend ($1.10 quarterly), yielding 2.26% at $183.39/share. Next ex-dividend date 2026-05-14. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.26%
Annual Dividend: $4.15 per share
Payout Ratio: 317.9% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-05-14
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 9
Diamondback Energy, Inc. dividend comes from one of the Permian Basin's largest independent oil and gas producers, focused on unconventional reserves across West Texas and New Mexico. FANG currently pays $4.15 per share annually, with a quarterly frequency and an upcoming ex-dividend date of May 14, 2026. The current yield stands at 2.26%. With a beta of 0.407, FANG stock moves well below the broader market, which appeals to income investors who want energy exposure without extreme price swings.
Diamondback Energy, Inc. pays out 317.9% of earnings as dividends, a payout ratio classified as high (above 75%). That figure is well above 100%, meaning current earnings alone do not cover the dividend at this level. Diamondback Energy, Inc. dividend safety is the central question for income investors here, and the payout ratio leaves little room for earnings pressure, particularly given that oil and gas production revenue is tied directly to commodity prices, which can move sharply.
Diamondback Energy, Inc. dividend history shows a CAGR of 64.5% per year from 2019 to 2024. Per-share payments grew from $0.689 in 2019 to $8.29 in 2024 (2025 and 2026 are partial years and excluded from the CAGR). 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 stock fits dividend investors who can tolerate commodity-driven income variability in exchange for above-average historical growth. The current yield of 2.26% is moderate (2-4%), and it sits below the 5-year average yield of 3.38%, which means income buyers are getting less yield than the stock has historically offered. The 317.9% payout ratio is the defining tension: the dividend has grown at a remarkable pace, but earnings coverage is thin. An investor in Diamondback Energy, Inc. gets exposure to Permian Basin production with a fast-growing dividend record and accepts the trade-off of a payout that earnings alone do not currently support.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2024-03-04 | $3.0800 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.1500 |
| 2025 | $4.0000 |
| 2024 | $8.2900 |
| 2023 | $7.9900 |
| 2022 | $8.9600 |
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