Diamondback Energy extends a loan agreement and increases dividends


Diamondback Energy, Inc. (NASDAQ:Fang) one of The best dividend shares according to Jim Cramer.

The company made a loan agreement with Wells Fargo Bank on June 12, 2025. Interest rates and certain fees have been reduced, the maturity date was postponed on June 12, 2030.

Diamondback Energy expands a loan agreement and increases dividends after obtaining
Diamondback Energy expands a loan agreement and increases dividends after obtaining

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Diamondback Energy, Inc. (NASDAQ: FANG) is a Texas-based independent oil and natural gas company engaged in hydrocarbon intelligence. The company’s center is primarily, to acquire, develop, develop, develop, develop and exploit non-traditional, land and natural gas in the Permiah basin in West Texas.

Diamondback Energy, Inc. (NASDAQ: FANG), which is $ 43.55 billion in a market lid, has announced an extension to the loan agreement on Thursday. The company’s current loan enterprise had a history of June 2, 2028. Successfully changed the loan terms with lender. The company’s term extended the payment date until June 12, 2030.

After this development, Wells Fargo reiterated the purchase rating for a stock with a $ 208 price target on June 16, 2025.

Diamondback Energy, Inc. (NASDAQ: FANG), 38.62%, a payment ratio to provide a self-satisfaction to meet with dividend liabilities, offers a payment ratio with a payment ratio. The company has been a consistent dividend payment for 2018.

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