This Incredible Dividend Stock Puts a Super-High Priority on Its Payout
For some companies, the dividend is the first expense they cut when times get tough. However, others prioritize the dividend payment, aiming to preserve the shareholder payout at all costs.
Diamondback Energy (NASDAQ: FANG) is in that latter group. The oil company believes it owes it to investors to pay a sustainable base dividend. Because of that, they should be able to count on receiving payments, even if tough times return to the oil patch.
Diamondback Energy has done a superb job paying dividends since it initiated the payment in 2018. The oil company has grown its base dividend payment at a 10% average quarterly compound annual rate since its first one. That's the fastest growth rate in the oil patch.
Source Fool.com
Diamondback Energy Stock
€173.18
-7.300%
The stock is one of the favorites of our community with 54 Buy predictions and 1 Sell predictions.
With a target price of 186 € there is a slightly positive potential of 7.4% for Diamondback Energy compared to the current price of 173.18 €.
