Devon Energy (DVN) Declares $0.26 Special Dividend; 2.3% Yield

Devon Energy (NYSE: DVN) declared a special dividend of $0.26 per share. The dividend will be payable on October 1, 2020, to stockholders of record on August 14, 2020, with an ex-dividend date of August 13, 2020. The annual yield on the dividend is 2.3 percent.

“With the visibility we have on the early closing of the Barnett transaction, I am excited to announce that we are returning a portion of the proceeds to our shareholders in the form of a $100 million special dividend,” said Dave Hager, president and CEO. “The decision to issue a special dividend is consistent with our disciplined strategy and demonstrates our firm commitment to return increasing amounts of cash directly to our shareholders.”

For a dividend history and other dividend-related data on Devon Energy (DVN) click here.

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