FANG Stock — Diamondback Energy Inc.

Diamondback Energy Inc. (FANG)

FANG is a Stock. As of September 3, 2026, its distribution rate is 2.11%, its trailing-12-month yield is 2.09%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is 1425.3% over the past 13.9 years, 839.1 points ahead of SPY at 586.2%.

At the current 2.11% distribution rate, a $10,000 investment would generate approximately $211 per year, or $17.58 per month on an equivalent basis. Actual quarterly payments vary.

Diamondback Energy is an independent oil and natural gas company that acquires, develops, and exploits unconventional onshore reserves in the Permian Basin, primarily focusing on the Spraberry, Wolfcamp, and Bone Spring formations in West Texas and New Mexico. The company distributes earnings to shareholders on a quarterly basis at a modest current distribution rate. Diamondback appeals to income investors seeking energy sector exposure with regular cash distributions.

FANG performance versus SPY

Data as of September 3, 2026.

Total return is 1425.3% over the past 13.9 years, 839.1 points ahead of SPY at 586.2%. Its deepest 1-year drawdown was 19.1%.

FANG key facts

Data as of September 3, 2026.

Distribution Safety Score™

72 · Generally safe

Safety-Adjusted Yield

1.52%

Asset type

Stock

Asset class

Equity

Inception date

10/12/2012

Distribution rate

2.11%

Distribution frequency

Quarterly

Trailing yield

2.09%

5-year average yield

4.06

Last close

$202.94

Market cap

$56,827,216,588

Average volume

1735336.0

Last dividend

$1.10

Last ex-dividend date

08/13/2026

Last payment date

08/20/2026

Beta

0.419

Payout ratio

0.2737

P/E ratio

38.66

Forward P/E

10.9769

EPS

$5.25

How Dividend Vision calculates yield and returns

Distribution rate (2.11%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.09%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FANG risks and drawbacks

FANG's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 19.1%.

Who may consider FANG — and who may not

FANG may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FANG pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions