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Devon Energy (Devon Energy) Dividend Yield %

: 4.62% (As of Today)
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As of today (2024-04-23), the Trailing Annual Dividend Yield of Devon Energy is 4.62%.

Warning Sign:

Devon Energy Corp stock dividend yield is close to 1-year low.

The historical rank and industry rank for Devon Energy's Dividend Yield % or its related term are showing as below:

DVN' s Dividend Yield % Range Over the Past 10 Years
Min: 0.54   Med: 1.62   Max: 11.2
Current: 4.62

During the past 13 years, the highest Dividend Yield of Devon Energy was 11.20%. The lowest was 0.54%. And the median was 1.62%.

DVN's Dividend Yield % is ranked better than
55.98% of 493 companies
in the Oil & Gas industry
Industry Median: 4.05 vs DVN: 4.62

Devon Energy's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.19.

During the past 13 years, the highest Dividend Payout Ratio of Devon Energy was 3.69. The lowest was 0.19. And the median was 0.54.

As of today (2024-04-23), the Forward Dividend Yield % of Devon Energy is 4.62%.

Devon Energy's Dividends per Share for the three months ended in Dec. 2023 was $0.77.

During the past 12 months, Devon Energy's average Dividends Per Share Growth Rate was -44.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 89.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 81.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Devon Energy was 145.40% per year. The lowest was -36.60% per year. And the median was 12.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Devon Energy Dividend Yield % Historical Data

The historical data trend for Devon Energy's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Devon Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.35 2.66 1.00 8.47 6.34

Devon Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.47 10.00 9.33 7.23 6.34

Competitive Comparison

For the Oil & Gas E&P subindustry, Devon Energy's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Devon Energy Dividend Yield % Distribution

For the Oil & Gas industry and Energy sector, Devon Energy's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Devon Energy's Dividend Yield % falls into.



Devon Energy Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Devon Energy Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4402024-03-142024-03-152024-03-28Cash DividendquarterlyUSD:USD 1.000000
USD 0.7702023-12-142023-12-152023-12-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.4902023-09-142023-09-152023-09-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.7202023-06-142023-06-152023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Devon Energy's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=2.42/52.13
=4.64 %

Current Share Price is $52.13.
Devon Energy's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.42.

Devon Energy's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.76/52.13
=3.38 %

Current Share Price is $52.13.
Devon Energy's Dividends per Share for the forward twelve months is calculated as $0.44 * 4 = $1.76.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Devon Energy  (NYSE:DVN) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Devon Energy Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Devon Energy's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Devon Energy (Devon Energy) Business Description

Address
333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015
Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2022, Devon's proved reserves totaled 1.8 billion barrels of oil equivalent, and net production that year was 611 thousand boe/d, of which oil and natural gas liquids made up 73% of production, with natural gas accounting for the remainder.
Executives
Dennis C Cameron officer: EVP and General Counsel DEVON ENERGY, 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Clay M Gaspar officer: EVP and COO 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Richard E Muncrief director, officer: President and CEO 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
John E Bethancourt director 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Michael N Mears director ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Gennifer F. Kelly director 1702 COMMERCE WAY, BRENTWOOD TN 37027
Valerie Williams director C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Ann G Fox director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Kelt Kindick director DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102
Jeffrey L Ritenour officer: EVP & CHIEF FINANCIAL OFFICER 333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Jeremy D. Humphers officer: SVP Chief Accounting Officer 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK 73102-5015
Tana K Cashion officer: SVP Human Resources and Admin 333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Felix Investments Holdings Ii, Llc director, 10 percent owner 1530 16TH STREET, SUITE 500, DENVER CO 80202
Encap Energy Capital Fund X, L.p. director, 10 percent owner 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Karl F Kurz director DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102

Devon Energy (Devon Energy) Headlines