Diamondback Energy raises dividend by 7.1% to $0.75, increases share buyback authorization by $2B
Diamondback Energy (NASDAQ:FANG) declares $0.75/share quarterly dividend, 7.1% increase from prior dividend of $0.70.

Forward yield 2.38%
Payable Aug. 23; for shareholders of record Aug. 16; ex-div Aug. 15.
âBeginning this quarter, we have committed to return a minimum of 75% of our Free Cash Flow to stockholders, which places Diamondbackâs cash returns framework at the forefront of the industry. We believe this combination of execution, cost control and cash returns presents a differentiated value proposition to our stockholders that is not reflected in todayâs equity value, which is why our Board approved a $2.0 billion increase to our share repurchase authorization to $4.0 billion.â

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