Devon Energy (DVN) Tops Q3 EPS by 15c

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Go back to Devon Energy (DVN) Tops Q3 EPS by 15c

Devon Energy (DVN) Announces $1B Share Buyback

November 2, 2021 4:54 PM EDT

Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a fixed-plus-variable dividend of $0.84 per share based on the companys third-quarter financial performance. This represents a 71 percent increase in the dividend payout compared to the previous quarter. The dividend is payable on Dec. 30, 2021 to shareholders of record at the close of business on Dec. 10, 2021.

The company also announced today the next step in its cash-return strategy with the authorization of a... More