Diamondback Energy's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Diamondback Energy (NASDAQ:FANG) announced a quarterly dividend of 84 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, which will be paid on November 24, 2023. The stock is expected to open 84 cents lower on the ex-dividend date.
November 10, 2023 | 2:45 pm
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Diamondback Energy (FANG) will pay an 84 cents per share dividend, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of Diamondback Energy is likely to decrease in the short term by the amount of the dividend, as the ex-dividend date typically reflects the dividend payout in the stock's price. This is a common occurrence and is usually priced in by the market.
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