Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Diamondback Energy Dividend Announcement
• Diamondback Energy announced a quarterly dividend of $0.90 per ordinary share which will be made payable on 2024-11-21. Ex dividend date: 2024-11-14
• Diamondback Energy annual dividend for 2024 was $8.29
• Diamondback Energy annual dividend for 2023 was $7.99
• Diamondback Energy's trailing twelve-month (TTM) dividend yield is 5.08%
• Diamondback Energy's payout ratio for the trailing twelve months (TTM) is 59.52%
• Diamondback Energy's dividend growth over the last five years (2018-2023) was 84.38% year
Diamondback Energy Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.90 | quarterly | 2024-11-21 |
2024-08-15 | $2.34 | quarterly | 2024-08-22 |
2024-05-14 | $1.97 | quarterly | 2024-05-22 |
2024-03-04 | $3.08 | quarterly | 2024-03-12 |
2023-11-15 | $3.37 | quarterly | 2023-11-24 |
2023-08-09 | $0.84 | quarterly | 2023-08-17 |
2023-05-10 | $0.83 | quarterly | 2023-05-18 |
2023-03-02 | $2.95 | quarterly | 2023-03-10 |
2022-11-16 | $2.26 | quarterly | 2022-11-25 |
2022-08-15 | $3.05 | quarterly | 2022-08-23 |
2022-05-11 | $3.05 | quarterly | 2022-05-23 |
2022-03-03 | $0.60 | quarterly | 2022-03-11 |
2021-11-09 | $0.50 | quarterly | 2021-11-18 |
2021-08-11 | $0.45 | quarterly | 2021-08-19 |
2021-05-12 | $0.40 | quarterly | 2021-05-20 |
2021-03-03 | $0.40 | quarterly | 2021-03-11 |
2020-11-10 | $0.38 | quarterly | 2020-11-19 |
2020-08-12 | $0.38 | quarterly | 2020-08-20 |
2020-05-13 | $0.38 | quarterly | 2020-05-21 |
2020-03-02 | $0.38 | quarterly | 2020-03-10 |
2019-11-14 | $0.19 | quarterly | 2019-11-22 |
2019-08-15 | $0.19 | quarterly | 2019-08-26 |
2019-05-24 | $0.19 | quarterly | 2019-06-04 |
2019-02-20 | $0.12 | quarterly | 2019-02-28 |
2018-11-16 | $0.12 | quarterly | 2018-11-26 |
2018-08-17 | $0.12 | quarterly | 2018-08-27 |
2018-05-18 | $0.12 | quarterly | 2018-05-29 |
Diamondback Energy Dividend per year
Diamondback Energy Dividend growth
Diamondback Energy Dividend Yield
Diamondback Energy current trailing twelve-month (TTM) dividend yield is 5.08%. Interested in purchasing Diamondback Energy stock? Use our calculator to estimate your expected dividend yield:
Diamondback Energy Financial Ratios
Diamondback Energy Dividend FAQ
Other factors to consider when evaluating Diamondback Energy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Diamondback Energy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Diamondback Energy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Diamondback Energy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Diamondback Energy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Diamondback Energy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Diamondback Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Diamondback Energy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Diamondback Energy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Diamondback Energy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.