Devon Energy (DVN) Declares $0.08 Quarterly Dividend; 0.8% Yield

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Go back to Devon Energy (DVN) Declares $0.08 Quarterly Dividend; 0.8% Yield

Devon Energy (DVN) Reports Election of John Krenicki Jr. to Board

June 6, 2018 12:02 PM EDT

Devon Energy Corp. (NYSE: DVN) announced today that shareholders have elected John Krenicki Jr. to the board of directors. The board previously nominated Krenicki, and shareholders approved his selection at the companys annual meeting today, during which the companys existing board members were re-elected to one-year terms. The addition of Krenicki expands Devons board to 10 members, of whom... More

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June 6, 2018 9:18 AM EDT

Today's Pre-Open Stock Movers

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Devon Energy (DVN) Reports Agreement to Sell Interests in EnLink Midstream (ENLK) for $3.125B; Boosts Share Buyback Authorization to $4B (from $1B)

June 6, 2018 6:07 AM EDT

Devon Energy Corp. (NYSE: DVN) announced today it has entered into an agreement to sell its aggregate ownership interests in EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC) to an affiliate of Global Infrastructure Partners (GIP), a leading global, independent infrastructure fund manager for $3.125 billion. In conjunction with this sale agreement, Devons board of directors has increased the size of the companys share-repurchase authorization to $4 billion.

Key Highlights

Accretive transaction values EnLink ownership at 12 times cash... More