SmarterDividends
FANG

Diamondback Energy, Inc.

FANG

Energy · Oil & Gas E&P · Stock · quarterly payer

$189.66

Overvalued · -43% Add to Portfolio

Forward Yield

2.45%

Annual Dividend

$4.72

Payout Ratio

79%

5-Yr Growth

21.7%

Ex-Date

Nov 12, 2026

Frequency

Quarterly

Key facts about FANG's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 4, 2026, Diamondback Energy, Inc. (FANG) has a forward dividend yield of 2.45%, based on an annual dividend of $4.72 per share and a share price of $189.66.
  • As of Nov 4, 2026, FANG's dividend safety grade from SmarterDividends is C (56 out of 100), which rates the dividend as borderline.
  • FANG last cut its regular dividend in 2025.
  • FANG's next ex-dividend date is Nov 12, 2026, with payment on Nov 19, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 4, 2026, FANG pays out 79% of its trailing 12-month earnings as dividends (its payout ratio).
  • FANG's dividend has grown at an average rate of 21.7% a year over the past five years.
  • As of Nov 4, 2026, FANG's 2.45% yield is 43% below its five-year average yield of 4.27%.
  • As of Nov 4, 2026, SmarterDividends' blended fair-value estimate for FANG is $107.17 per share, 43% below the $189.66 share price, so FANG screens as overvalued.
  • Diamondback Energy, Inc. (FANG) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "FANG Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 4, 2026, https://smarterdividends.com/stocks/FANG

Summary

As of Nov 4, 2026, Diamondback Energy, Inc. (FANG) yields 2.45% ($4.72 a year per share) and has a dividend safety grade of C (56/100).

Is FANG a good dividend stock?

Mixed

Diamondback Energy, Inc. (FANG) pays a quarterly dividend yielding 2.45% ($4.72/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 21.7% 5-yr dividend growth
  • 99% total price return over 5 years

Risks

  • Cut its dividend in 2025

Key Data

Dividend Yield
2.45%
Payout Ratio
79%
Annual Dividend
$4.72
5-Yr Avg Growth
21.7%
Ex-Dividend Date
Nov 12, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.47
Market Cap
$53.0B
P/E Ratio
25.5
5-Yr Total Return
99%
52-Week Range
$137.03 – $216.90
Dividend Safety
C · 56/100
Ever Cut?
Yes (2025)

FANG dividend changes

Diamondback Energy, Inc. (FANG) pays a variable dividend: across the 34 payments on record since 2018, 12 were higher than the one before and 3 lower. The latest change was up 4.8% to $1.10 per share, going ex-dividend on May 14, 2026.

Ex-dateChangeOld → newMove
May 14, 2026Higher$1.05 → $1.10+4.8%
Mar 5, 2026Higher$1.00 → $1.05+5.0%
Mar 6, 2025Higher$0.900 → $1.00+11.1%
Nov 14, 2024Lower$1.97 → $0.900−54.3%
May 14, 2024Higher$0.840 → $1.97+134.5%
Aug 9, 2023Higher$0.830 → $0.840+1.2%
May 10, 2023Lower$2.26 → $0.830−63.3%
Nov 16, 2022Lower$3.05 → $2.26−25.9%
May 11, 2022Higher$0.600 → $3.05+408.3%
Mar 3, 2022Higher$0.500 → $0.600+20.0%
Nov 9, 2021Higher$0.450 → $0.500+11.1%
Aug 11, 2021Higher$0.400 → $0.450+12.5%
Every FANG payment →Download every raise and cut (CSV)
FANG ex-dividend date & scheduleNext ex-date Nov 12, 2026 · full ex-dividend historyView →FANG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is FANG a good dividend stock?

Mixed. Diamondback Energy, Inc. (FANG) pays a quarterly dividend yielding 2.45% ($4.72/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is FANG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FANG's fair value is about $107.17 versus a $189.66 share price — so it looks overvalued (-43% vs. fair value).

Is FANG's dividend safe?

FANG has a dividend-safety grade of C (56/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is FANG's fair value?

Our blended fair-value estimate for FANG is about $107.17 per share, about 43% below the current $189.66 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FANG a buy, hold, or sell?

We don't issue formal ratings, but on the data FANG screens as "mixed" and overvalued. Diamondback Energy, Inc. (FANG) pays a quarterly dividend yielding 2.45% ($4.72/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will FANG cut its dividend?

FANG earns a dividend-safety grade of C (56/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FANG pay a dividend?

Yes. Diamondback Energy, Inc. pays a quarterly dividend of about $4.72 per share annually, a forward yield of roughly 2.45%.

What is FANG's dividend yield?

As of Nov 4, 2026, FANG's forward dividend yield is 2.45%, based on a $4.72 annual dividend and a $189.66 share price.

What is FANG's dividend per share?

As of Nov 4, 2026, FANG pays $4.72 per share per year, distributed on a quarterly basis.

What is FANG's dividend payout ratio?

As of Nov 4, 2026, FANG's payout ratio is 79% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has FANG grown its dividend?

FANG does not currently have a long dividend-growth streak on record.

When is the next FANG ex-dividend date?

As of Nov 4, 2026, the next ex-dividend date on record for FANG is Nov 12, 2026.

FANG Dividend News

FANG
IncreaseFANG·Nov 4, 2026

Diamondback Energy Raises Dividend 7.3% to $1.18

Diamondback lifts its quarterly base dividend to $1.18 as cash flow, debt reduction and stronger production guidance support the higher payout.

FANG
IncreaseFANG·Jun 11, 2026

Diamondback Energy Raises Quarterly Dividend to $1.10

Diamondback Energy increased its quarterly dividend to $1.10 per share, lifting the annualized payout to $4.40 while retaining flexibility in capital returns.

Income Calculator

At $4.72 / yr per share

Per payment (quarterly)$118.00
Annual$472.00
Monthly avg$39.33

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