FANG Stock — Diamondback Energy Inc.

Diamondback Energy Inc. (FANG)

Updated October 16, 2026.

FANG is a Stock. its distribution rate is 2.16%, its trailing-12-month yield is 2.08%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is 1432.8% over the past 14 years, 853.7 points ahead of SPY at 579.1%.

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

Price and return data through 2026-10-16.

Total return is 1432.8% over the past 14 years, 853.7 points ahead of SPY at 579.1%. Over the past year its total return — price change plus distributions reinvested — is 49.8%. Its deepest 1-year drawdown was 19.1%.

FANG key facts

Distribution Safety Score™

72 · Generally safe

Safety-Adjusted Yield

1.56%

Asset type

Stock

Asset class

Equity

Inception date

10/12/2012

Distribution rate

2.16%

Distribution frequency

Quarterly

Trailing yield

2.08%

5-year average yield

3.22

Last close

$203.95 (stale; as of 2026-10-16)

Market cap

$57,110,036,578

Average volume

2573400.0

Dividend

$1.10

Ex-dividend date

08/13/2026

Payment date

08/20/2026

Beta

0.537

Payout ratio

27.4%

P/E ratio

38.85

Forward P/E

10.0301

EPS

$5.25

How Dividend Vision calculates yield and returns

Distribution rate (2.16%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.08%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. 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.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

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.

More on FANG

• ETFs holding FANG
• All tickers starting with F

Tagged: Dividend.

Frequently asked questions