Devon Energy (BSP:D1VN34) Dividend Payout Ratio : 0.14 (As of Dec. 2023)

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What is Devon Energy Dividend Payout Ratio?

Devon Energy's dividend payout ratio for the months ended in Dec. 2023 was 0.14.

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

BSP:D1VN34' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.54 Max: 3.69
Current: 0.3

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.

BSP:D1VN34's Dividend Payout Ratio is ranked better than
59.2% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs BSP:D1VN34: 0.30

As of today (2024-04-25), the Dividend Yield % of Devon Energy is 3.50%.

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

Devon Energy's Dividends per Share for the months ended in Dec. 2023 was R$2.66.

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 Payout Ratio Historical Data

The historical data trend for Devon Energy's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Devon Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.33

1.46

0.30

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 Payout Ratio	Get a 7-Day Free Trial															0.83	0.61	0.60	0.21	0.14

Competitive Comparison of Devon Energy's Dividend Payout Ratio

For the Oil & Gas E&P subindustry, Devon Energy's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Devon Energy's Dividend Payout Ratio falls into.

Devon Energy Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Devon Energy's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	12.162	/	40.717
	=	0.30

Devon Energy's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	2.662	/	19.648
	=	0.14

Devon Energy (BSP:D1VN34) Dividend Payout Ratio Explanation

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.

Devon Energy Dividend Payout Ratio Related Terms

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

Devon Energy (BSP:D1VN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (BSP:D1VN34) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

DVN:USA DVN:Mexico 1DY6:Italy DY6d:UK DY6:Germany DVN:Austria

Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

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.

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