FANG Dividend Yield 2026: Diamondback Energy, Inc.

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Data last updated: Aug 31, 2026

Snapshot (as of Aug 31, 2026): Diamondback Energy, Inc. (FANG) pays a $4.25 annual dividend ($1.10 quarterly), yielding 2.15% at $197.67/share. Next ex-dividend date 2026-08-13. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 2.15%

Annual Dividend: $4.25 per share

Payout Ratio: 92.0%

Ex-Dividend Date: 2026-08-13

Dividend Frequency: quarterly

Sector: Energy

Years of Dividend History: 9

About Diamondback Energy, Inc. Dividend

Diamondback Energy, Inc. dividend income 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 $4.25 per share annually, distributed quarterly, with the next ex-dividend date on August 13, 2026. The current yield stands at 2.15%. Given a beta of 0.419, FANG stock moves with considerably less volatility than the broader market, which appeals to income investors who want energy exposure without extreme price swings.

Dividend Safety

Diamondback Energy, Inc. pays out 92.0% of earnings as dividends, a payout ratio classified as high (above 75%). That level leaves little cushion if earnings contract, which is a real risk for a company whose revenue depends directly on oil and natural gas prices in the Permian Basin. Diamondback Energy, Inc. dividend safety is further complicated by the fact that commodity prices can shift sharply, and a 92% payout ratio offers minimal buffer against a down-cycle in crude.

Diamondback Energy, Inc. (FANG) Dividend Growth Rate, CAGR, and History

Diamondback Energy, Inc. dividend history shows a CAGR of 64.5% per year from 2019 to 2024. Per-share payments grew from $0.69 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.

Diamondback Energy, Inc. Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	-23.6%	$8.96 (2022)	$4.00 (2025)
5-Year	+21.7%	$1.50 (2020)	$4.00 (2025)

Is Diamondback Energy, Inc. a Good Dividend Stock?

FANG stock fits dividend investors who want energy sector income and can tolerate a payout structure tied to commodity prices. The current yield of 2.15% is moderate (2-4%), and it sits below the 5-year average yield of 3.14%, meaning buyers today 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 came in uneven bursts, including a 412% spike in 2022 and a subsequent decline. What an investor gets here is meaningful per-share income from a large Permian Basin operator; what they accept is a 92% payout ratio and dividend variability tied to oil and gas prices.

Recent Diamondback Energy, Inc. Dividend Payments

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

Diamondback Energy, Inc. Annual Dividend History

Year	Total Dividends
2026	$3.2500
2025	$4.0000
2024	$8.2900
2023	$7.9900
2022	$8.9600

Related Energy Dividend Stocks

• XOM — Exxon Mobil Corporation (2.52% yield)
• CVX — Chevron Corporation (3.37% yield)
• PCCYF — PetroChina Company Limited (4.12% yield)
• SHEL — Shell plc (3.28% yield)
• ENB.TO — Enbridge Inc. (5.52% yield)
• CNQ.TO — Canadian Natural Resources Limited (3.39% yield)

Frequently Asked Questions

Does FANG pay dividends?

Yes, Diamondback Energy, Inc. (FANG) pays a $1.10 quarterly dividend per share, yielding 2.15%.

How often does Diamondback Energy, Inc. pay dividends?

Diamondback Energy, Inc. pays dividends quarterly. The last dividend amount was $1.10 per share, with the next ex-dividend date set for August 13, 2026.

What is Diamondback Energy, Inc.'s current dividend yield?

The current Diamondback Energy, Inc. dividend yield is 2.15%, which is below the stock's 5-year average yield of 3.14%, meaning today's yield is on the lower end of its recent historical range.

Has Diamondback Energy, Inc. ever cut its dividend?

Yes. The available history shows at least one year-over-year decline exceeding 5%, with annual dividends dropping from $8.96 in 2022 to $7.99 in 2023. The data window covers 2019 through 2024.

How fast has Diamondback Energy, Inc. grown its dividend?

FANG has grown its dividend at a compound annual growth rate (CAGR) of 64.5% per year from 2019 to 2024, with per-share payments rising from $0.69 to $8.29 over that period.

Is Diamondback Energy, Inc. dividend safe?

The 92.0% payout ratio is high (above 75%), leaving limited earnings buffer. Diamondback Energy, Inc. dividend safety is directly tied to oil and natural gas prices in the Permian Basin, which can be volatile.

What type of investor is Diamondback Energy, Inc. best suited for?

FANG suits dividend investors who want Permian Basin energy exposure with relatively low price volatility (beta of 0.419) and can accept a high payout ratio and dividend payments that have historically varied with commodity cycles.

How does Diamondback Energy, Inc. compare to its own historical yield?

At 2.15%, the current yield is below the 5-year average of 3.14%, so today's income return is lower than what the stock has delivered on average over the past five years.

Latest FANG News

• Top Wall Street analysts suggest these 3 dividend stocks for consistent income - CNBC — CNBC
• Diamondback Energy surpasses 1 million oil-equivalent barrels per day - Stock Titan — Stock Titan
• Diamondback Averages Above 1 Million Barrels of Oil Equivalent Daily - Stock Titan — Stock Titan

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