Diamondback Energy: Dividend Insights
Portfolio Pulse from Benzinga Insights
Diamondback Energy (NASDAQ:FANG) announced a quarterly dividend of 84 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 84 cents lower. Shareholders who own FANG as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 17, 2023.
August 04, 2023 | 3:41 pm
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Diamondback Energy's announcement of a quarterly dividend of 84 cents per share will likely cause the stock to open lower on the ex-dividend date, Wednesday.
When a company announces a dividend, the stock price typically adjusts downward on the ex-dividend date by the amount of the dividend. In this case, Diamondback Energy's stock is expected to open 84 cents lower on Wednesday, the ex-dividend date.
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