Devon Energy (DVN) Declares $1.00 Quarterly Dividend; 7.8% Yield

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Go back to Devon Energy (DVN) Declares $1.00 Quarterly Dividend; 7.8% Yield

Devon Energy Announces Fourth-Quarter Dividend and Next Steps in Cash-Return Strategy

February 15, 2022 4:05 PM EST

KEY MESSAGES

Fourth-quarter dividend payout improved to record high of $1.00 per shareBoard approved a 45 percent increase to the fixed quarterly dividendShare-repurchase authorization increased by 60 percent to $1.6 billionRepurchase program is equivalent to 5 percent of Devons market capitalization

OKLAHOMA CITY, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today its board of directors declared a record high fixed-plus-variable dividend of $1.00 per share based on the fourth-quarter financial performance. The dividend is payable on Mar. 31, 2022 to shareholders of record at the close of... More