From “Nasdaq”:

Diamondback Energy (NASDAQ: FANG) has a high-octane dividend, with a rapidly rising base dividend. It gave investors a $3.37 per share monster raise last quarter, emphasizing its income potential.

The company pays a solid base dividend leveraging its cash flow. Diamondback targets to return more than 75% of its annual free cash flow to investors. The company has grown its base dividend at an industry-leading 9% average quarterly compound annual growth rate since 2018.

It’s an intriguing dividend stock with steady base income and monster upside potential. Diamondback Energy wasn’t identified as one of the 10 best stocks for investors to buy now.



Read more: Are You Missing Out on This Energy Stock’s Monster Dividend Raise?