Reported 2 days ago
Diamondback Energy, Inc. has successfully amended its credit agreement with Wells Fargo, extending the maturity date to June 12, 2030, while reducing interest rates and fees. Additionally, the company announced a 10% increase in base dividends following its acquisition of Sitio Royalties Corp. With a market cap of $43.55 billion, Diamondback boasts a strong dividend yield of 3.51%, maintaining a consistent payment record since 2018.
Source: YAHOO