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Diamondback Energy, Inc. (NASDAQ:FANG) is included among the Best Strong Buy Dividend Stocks to Invest in Now.
As a policy, the company plans to return half of its free cash flow to shareholders through a mix of base and variable dividends, along with share repurchases. The company still has $1.845 billion left under its $6 billion share repurchase program.
By the end of the first quarter, Diamondback Energy, Inc. (NASDAQ:FANG) had bought back $829 million worth of its shares, roughly $2.80 per share. The company reported strong earnings in the first quarter of 2025, with revenues of $4.05 billion, up 81.7% from the same period last year. The revenue also beat analysts’ estimates by $294.2 million. Its cash position also remained stable with an operating cash flow of $2.4 billion and free cash flow of $1.5 billion.
Diamondback Energy, Inc. (NASDAQ:FANG) initiated its dividend policy in 2018 and has raised its payouts multiple times since then. The company currently offers a quarterly dividend of $1.00 per share and has a dividend yield of 3.44%, as of July 29.
While we acknowledge the potential of FANG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Innovative Dividend Stocks to Buy Now and 10 Best and Safe Dividend Stocks to Buy Now
Disclosure: None.
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