Diamondback Energy, Inc.
FANGEnergy · Stock · quarterly payer
Forward Yield
2.21%
Annual Dividend
$4.40
Payout Ratio
79%
5-Yr Growth
21.7%
Ex-Date
Aug 13, 2026
Frequency
Quarterly
Summary
As of September 2026, Diamondback Energy, Inc. (FANG) yields 2.21% ($4.40 per share annually), with a blended fair-value estimate of $167.12 — -16% downside, so it screens as overvalued. Dividend safety grade: C (56/100).
Is FANG a good dividend stock?
MixedDiamondback Energy, Inc. (FANG) pays a quarterly dividend yielding 2.21% ($4.40/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
- 110% total price return over 5 years
Risks
- Cut its dividend in 2025
Key Data
- Dividend Yield
- 2.21%
- Payout Ratio
- 79%
- Annual Dividend
- $4.40
- 5-Yr Avg Growth
- 21.7%
- Ex-Dividend Date
- Aug 13, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.41
- Market Cap
- $55.8B
- P/E Ratio
- 37.9
- 5-Yr Total Return
- 110%
- 52-Week Range
- $134.30 – $216.90
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
FANG Price — Last 12 Months
Daily close
Price Return
1 Year
+39%
3 Years
+29%
5 Years
+110%
52-Week Range
$134.30 – $216.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FANG worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Diamondback Energy, Inc. is $167.12 per share, versus a market price of $199.22. That implies 16% of downside.
Fair Value
$167.12
Current Price
$199.22
Downside
-16%
Margin of Safety
-19%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 2.0% annual free-cash-flow growth. We model 5.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 5.6% stage-1 growth, 2.5% terminal growth, $5.26 EPS, $4.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FANG Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 13, 2026 | — | $1.1000 | regular |
| May 14, 2026 | — | $1.1000 | regular |
| Mar 5, 2026 | — | $1.0500 | regular |
| Nov 13, 2025 | — | $1.0000 | regular |
| Aug 14, 2025 | — | $1.0000 | regular |
| May 15, 2025 | — | $1.0000 | regular |
| Mar 6, 2025 | — | $1.0000 | regular |
| Nov 14, 2024 | — | $0.9000 | regular |
| Aug 15, 2024 | — | $2.3400 | regular |
| May 14, 2024 | — | $1.9700 | regular |
| Mar 4, 2024 | — | $3.0800 | regular |
| Nov 15, 2023 | — | $3.3700 | regular |
| Aug 9, 2023 | — | $0.8400 | regular |
| May 10, 2023 | — | $0.8300 | regular |
Income Calculator
At $4.40 / yr per share
