Friday Is Your Last Chance To Buy Diamondback Energy Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Diamondback Energy (NASDAQ:FANG) announced a quarterly dividend of 90 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday are eligible for the payout, which will be distributed on March 12, 2024.

February 28, 2024 | 2:45 pm
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Diamondback Energy announces a quarterly dividend of 90 cents per share, with eligibility for shareholders owning the stock by end of Friday. Payout is on March 12, 2024.
The announcement of a dividend payout typically has a neutral to slightly positive impact on a stock's price in the short term. However, the stock is expected to open lower on the ex-dividend date to reflect the payout, which is a standard practice. The importance is high as dividends are a significant part of Diamondback Energy's shareholder value proposition.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100