From Yahoo Finance: 2025-06-22 04:48:00

Diamondback Energy, Inc. (NASDAQ:FANG) is praised as one of the best dividend stocks by Jim Cramer. The company recently extended its Credit Agreement with Wells Fargo Bank, reducing interest rates and fees, and postponing the maturity date to June 12, 2030.

The company focuses on hydrocarbon exploration, primarily in the Permian Basin in West Texas. With a market cap of $43.55 billion, Diamondback Energy, Inc. announced the extension of its credit agreement and a 10% increase in base dividends after acquiring Sitio Royalties Corp.

Wells Fargo reiterated their Buy rating for Diamondback Energy, Inc. on June 16, 2025, with a price target of $208. The company offers a dividend yield of 3.51% and a payout ratio of 38.62%, ensuring it can meet dividend obligations. Diamondback has a consistent dividend payment history since 2018.

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Read more: Diamondback Energy Extends Credit Agreement and Raises Dividend