Diamondback Energy Announces Update to Capital Return Program
Diamondback Energy (NASDAQ: FANG) shares rose over 7% after announcing plans to increase its quarterly base dividend to USD0.75 per share, up from the previous USD0.70 a share. Furthermore, it intends to raise its return of capital commitment to a minimum of 75% of free cash flow and a 2Q22 share buyback of USD253 Million. …
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