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Diamondback Energy Inc. (FANG) logo

Diamondback Energy Inc.

S&P 500
FANG|Energy|Oil & Gas E&P|$188.70|P/E 196.3|MCap 53.1B|NASDAQ

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

54/ 100Caution

FANG's dividend shows some areas that warrant monitoring. Strengths include a 20.3% cfo payout ratio & 8.1x interest coverage. Areas of concern: 413.3% earnings payout ratio & 164.4% fcf payout ratio. The dividend has been growing at a 21.67% 5-year CAGR.

Based on 15 of 15 metrics

Strengths

  • CFO Payout Ratio: 20.3%Operating cash flow strongly supports the payout.
  • Debt-to-Equity: 32.6Conservative debt level relative to equity.
  • Dividend Cut: NoneNo dividend cut in recent history.

Risks

  • Earnings Payout Ratio: 413.3%High earnings payout ratio leaves little safety margin.
  • FCF Payout Ratio: 164.4%Free cash flow is tight relative to the dividend.
  • Current Ratio: 0.6xLimited short-term liquidity to meet obligations.

Payout & Coverage

Caution
Earnings Payout Ratio
413.3%Danger
FCF Payout Ratio
164.4%Danger
CFO Payout Ratio
20.3%Very Safe
Interest Coverage
8.1xSafe

Balance Sheet

Caution
Net Debt / Total Assets
20.8%Safe
Current Ratio
0.6xDanger
Debt-to-Equity
32.6Very Safe

Profitability

Warning
Return on Equity
0.5%Danger
Operating Margin
5.5%Warning
Gross Margin
23.7%Caution
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
8+ yrsSafe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
21.7%Very Safe
Earnings Stability
Mostly StableCaution

About Diamondback Energy Inc.

Diamondback Energy Inc. is an independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The company operates through two main segments: Upstream, which handles oil and gas production operations in the Permian Basin, and Midstream Services, which manages pipeline and midstream infrastructure in the Midland and Delaware Basins. As a major player in U.S. onshore energy production, Diamondback engages in disciplined capital allocation and production management while maintaining a commitment to shareholder returns through regular dividend payments and share buybacks. The company has demonstrated consistent financial performance in the energy sector while navigating commodity price fluctuations inherent to the oil and gas industry.

Dividend Overview

Dividend Yield

2.20%

Annual Dividend

$4.15

Frequency

Quarterly

Payout Ratio

413.27%

FCF Payout Ratio

164.44%

Stock Price

$188.70

52-Week Range

$130.48 $214.51

Dividend History (2016–2025)

FANG annual dividend per share and yield history

Earnings & Profitability

FANG earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

May 14, 2026

Next Payment Date

May 21, 2026

Dividend Growth

3-Year Dividend CAGR

-23.57%

5-Year Dividend CAGR

21.67%

10-Year Dividend CAGR

0.00%

3-Year Total Growth

-55.36%

5-Year Total Growth

166.67%

10-Year Total Growth

0.00%

Income Calculator

FANG Dividend Calculator

Total Investment

$18,870.00

Annual Income

$415.00

Quarterly Income

$103.75

Monthly Income

$34.58

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Frequently Asked Questions

What is FANG's current dividend yield?
Diamondback Energy Inc. (FANG) currently has a dividend yield of 2.20%, based on a stock price of $188.70 and an annual dividend of $4.15.
When is FANG's next dividend payment date?
FANG's next ex-dividend date is 2026-05-14 and the next payment date is 2026-05-21. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does FANG pay in dividends per year?
Diamondback Energy Inc. paid $4.00 per share in annual dividends in 2025. The dividends are paid quarterly.
Has FANG been increasing its dividend?
Diamondback Energy Inc. has grown its dividend at a 5-year CAGR of 21.67% and a 10-year CAGR of 0.00%.
Is FANG's dividend safe?
Diamondback Energy Inc. has a payout ratio of 413.27%. Its free cash flow payout ratio is 164.44%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is FANG's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Diamondback Energy Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for energy companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.