Devon Energy Declares Quarterly Dividend of $0.24 per Share
ByAinvest
Tuesday, Aug 5, 2025 5:11 pm ET1min read
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This dividend represents a yield of 3.0% based on the current share price and is part of Devon Energy's ongoing commitment to returning value to shareholders. The dividend payout ratio is 21.87% of its annualized dividend, indicating a balanced approach to dividend distribution and growth [1].
The company's recent earnings results also reflect a strong performance, with Devon Energy reporting earnings per share (EPS) of $1.21 for the quarter ending May 6, 2025, despite missing analysts' consensus estimates by $0.06. The company's revenue for the quarter was $4.45 billion, up 23.8% year-over-year, and it achieved a return on equity of 21.90% and a net margin of 16.60% [1].
Analysts have responded positively to Devon Energy's financial performance. UBS Group, Goldman Sachs Group, and Wells Fargo & Company have all raised their price targets and given the company a "neutral," "buy," and "overweight" rating, respectively. Eleven analysts have rated the stock with a "hold" rating, while fifteen have given it a "buy" rating, resulting in a consensus rating of "Moderate Buy" with a price target of $43.85 [1].
Despite the recent reduction in the Bank of Nova Scotia's stake in Devon Energy by 82.9%, other institutional investors and hedge funds have increased their holdings in the company. Eliot Finkel Investment Counsel LLC, R Squared Ltd, Banco Santander S.A., PNC Financial Services Group Inc., and SPC Financial Inc. have all boosted their positions in Devon Energy during the first quarter of 2025 [1].
Devon Energy's strong financial performance, positive analyst ratings, and increasing institutional ownership position it as a solid choice for investors seeking a stable dividend and growth potential in the energy sector.
References:
[1] https://www.marketbeat.com/instant-alerts/filing-devon-energy-corporation-nysedvn-shares-sold-by-bank-of-nova-scotia-2025-08-05/
[2] https://seekingalpha.com/news/4479253-devon-energy-declares-0_24-dividend
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Devon Energy has declared a $0.24 per share quarterly dividend, payable on September 30 for shareholders of record on September 15. The dividend will be ex-dividend on September 15.
Devon Energy Corporation (NYSE:DVN) has declared a quarterly dividend of $0.24 per share, payable on September 30, 2025, to shareholders of record on September 15, 2025. The ex-dividend date is set for September 15, 2025 [1].This dividend represents a yield of 3.0% based on the current share price and is part of Devon Energy's ongoing commitment to returning value to shareholders. The dividend payout ratio is 21.87% of its annualized dividend, indicating a balanced approach to dividend distribution and growth [1].
The company's recent earnings results also reflect a strong performance, with Devon Energy reporting earnings per share (EPS) of $1.21 for the quarter ending May 6, 2025, despite missing analysts' consensus estimates by $0.06. The company's revenue for the quarter was $4.45 billion, up 23.8% year-over-year, and it achieved a return on equity of 21.90% and a net margin of 16.60% [1].
Analysts have responded positively to Devon Energy's financial performance. UBS Group, Goldman Sachs Group, and Wells Fargo & Company have all raised their price targets and given the company a "neutral," "buy," and "overweight" rating, respectively. Eleven analysts have rated the stock with a "hold" rating, while fifteen have given it a "buy" rating, resulting in a consensus rating of "Moderate Buy" with a price target of $43.85 [1].
Despite the recent reduction in the Bank of Nova Scotia's stake in Devon Energy by 82.9%, other institutional investors and hedge funds have increased their holdings in the company. Eliot Finkel Investment Counsel LLC, R Squared Ltd, Banco Santander S.A., PNC Financial Services Group Inc., and SPC Financial Inc. have all boosted their positions in Devon Energy during the first quarter of 2025 [1].
Devon Energy's strong financial performance, positive analyst ratings, and increasing institutional ownership position it as a solid choice for investors seeking a stable dividend and growth potential in the energy sector.
References:
[1] https://www.marketbeat.com/instant-alerts/filing-devon-energy-corporation-nysedvn-shares-sold-by-bank-of-nova-scotia-2025-08-05/
[2] https://seekingalpha.com/news/4479253-devon-energy-declares-0_24-dividend
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