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This Ultra-High-Yield Dividend Stock Thinks Its Shares Are a Screaming Bargain

This Ultra-High-Yield Dividend Stock Thinks Its Shares Are a Screaming Bargain

Diamondback Energy (NASDAQ: FANG) is producing a gusher of free cash flow this year. The oil company is on pace to generate more than $4 billion of free cash flow, significantly more than the $2.4 billion it produced in 2021. A large portion of that return has come through dividends.