
If you're considering investing in DVN, understanding its dividend yield is crucial. DVN's dividend yield is around 4.5%, which is relatively high compared to other stocks.
This high yield is likely due to the company's history of paying consistent dividends, with a payout ratio of around 30%. This means that for every dollar DVN earns, it pays out around 30 cents in dividends.
Investors looking for a relatively stable income stream may find DVN's dividend yield appealing. However, it's essential to keep in mind that the company's dividend history and payout ratio can change over time.
A solid investment strategy for DVN would involve monitoring its dividend yield and payout ratio closely, as well as keeping an eye on the company's overall financial health.
Data and History
Devon Energy Corporation's dividend history is a crucial aspect to consider when evaluating its dividend yield.
The company's dividend payments per share have experienced significant growth over the past few years, with an average increase of 8.07% over the past 120 months.
Its dividend growth rate over the past 60 months is even more impressive, averaging 42.53%.
However, it's essential to note that the company's dividend history and growth can be affected by various factors, such as profitability, cash flow, and financial stability.
Devon Energy Corporation's average dividend yield over the past five years is 4.6%, while its compound annual dividend per share growth rate over the last five years is 57.1%.
Yield
DVN's dividend yield graph provides a visual representation of the company's historical dividend yield over the last 12 months.
This graph is useful for investors to identify trends or patterns in Devon Energy Corporation's dividend payments over time.
The dividend yield is a key metric for investors to consider when evaluating a company's financial health.
Dividend yield is a ratio that shows the annual dividend payment per share relative to the stock's current price.
By analyzing the dividend yield graph, investors can get a sense of how DVN's dividend payments have changed over time.
Shareholder yield, on the other hand, measures the total return to shareholders through dividends, buybacks, and debt paydown.
It's a ratio that compares the cash returned to shareholders over a period of time to the market capitalization of the company.
To get a comprehensive understanding of a company's financial position, it's essential to consider shareholder yield in conjunction with other financial metrics like earnings, revenue, and debt levels.
Market and Stock Analysis
In the world of stocks, dividend yield is a crucial metric to consider. Devon Energy Corporation's (DVN) dividend yield of 4.27% is a significant percentage of the current stock price paid out as dividends to shareholders.
To put this into perspective, a value of 0.49 relative to the sector means that DVN's dividend yield is lower than 49% of companies in its sector. This comparison allows investors to quickly evaluate the relative stability and growth potential of a company.
The percentile ranks table provides a clear picture of DVN's dividend yield compared to its peers in the sector, country, and the world. A value of 0.72 relative to country means that DVN's dividend yield is higher than 72% of companies in its country, making it a more attractive investment opportunity for some investors.
Here's a quick summary of how DVN's dividend yield stacks up against its peers:
- Relative to sector: 0.49 (lower than 49% of companies)
- Relative to country: 0.72 (higher than 72% of companies)
- Relative to world: 0.74 (higher than 74% of companies)
Market

The market is a vast and complex entity, with various segments and benchmarks to consider when evaluating a company's performance. For instance, the market bottom 25% of dividend payers in the MX market has a dividend yield of 2.5%.
In contrast, the top 25% of dividend payers in the same market has a significantly higher dividend yield of 6.6%. This highlights the varying levels of dividend attractiveness within the market.
To put these numbers into perspective, Devon Energy's dividend yield of 3.8% is higher than the bottom 25% of dividend payers in the MX market. However, it's lower than the top 25% of dividend payers in the same market.
Here's a breakdown of the market's dividend yield segments:
This comparison illustrates the importance of considering multiple market benchmarks when evaluating a company's dividend yield. By doing so, investors can gain a more comprehensive understanding of the market's overall trends and patterns.
Stock Projections
In a recent analysis, I projected that Devon Energy can produce higher free cash flow this year, which could lead to a higher variable dividend.
The company's revenue is likely to skyrocket to between $20.8 billion and $21.9 billion this year, a rise of 70.5% to 79.5% from last year's $12.2 billion.
Devon's operating cash flow margin was 40% last year, so we can assume it will be about $8.5 billion this year at the midpoint of the revenue targets.
The fixed dividend payments are $106 million, and capital expenditure is $2.44 billion, leaving $5.966 billion in free cash flow.
This means the variable dividend could be as high as $3 billion, which translates to a dividend of $4.52 per share.
Adding the fixed dividend of 16 cents, the total dividend this year could reach $4.68 per share, a 17% increase from the current rate.
This would give DVN stock a very high yield of 7.488%.
Ratings

Looking at the ratings, we have a stable dividend safety with 9% FY1 EPS growth. This growth is a significant indicator of a company's financial health.
The forward dividend yield is 2.51%, which puts it in the top 50% of its peers. This yield is attractive to income investors.
There are 31 estimates from sell-side analysts, which is a sign of extensive coverage and a high level of interest in the stock. This level of analyst coverage is a good indicator of a stock's potential.
Sell-side analysts are also optimistic about the stock's price target, with a 42% upside potential that puts it in the top 20%. This suggests that many analysts believe the stock has a lot of room to grow.
Investment Strategy
To capture the dividend yield of DVN, you can follow a simple strategy. Buy DVN shares one day before the ex-dividend date, which for DVN is March 14, 2025.
The key is to sell your DVN shares when the price recovers after the ex-dividend date.
Understanding Stocks
Devon Energy Corporation has been paying out quarterly dividends to its shareholders since June 30, 2016.
Their dividend yield has fluctuated, but as of February 13, 2025, it was 4.3% compared to the Oil, Gas & Consumable Fuels industry median of 3.3%.
This means that for every dollar invested in Devon Energy Corporation, you'd earn 4.3 cents in dividend payments.
Corporation's
Devon Energy Corporation has been paying out quarterly dividends to its shareholders since June 30, 2016.
The company's dividend yield was 7.8% last year, which is significantly higher than the Oil, Gas & Consumable Fuels industry median of 3.3%.
Devon Energy Corporation's dividend yield has averaged 4.6% per year over the past five years.
In fact, the company's dividend yield was 4.3% as of February 13, 2025, which is still relatively high compared to the industry median.
Devon Energy Corporation's revenue skyrocketed to between $20.8 billion and $21.9 billion this year, up from $12.2 billion last year, a rise of 70.5% to 79.5% in sales.
The company's operating cash flow margin was 40% last year, which means its operating cash flow will be about $8.5 billion at the midpoint of the revenue targets this year.
Devon Energy Corporation's variable dividend could be as high as $4.52 per share this year, based on its free cash flow projections.
The company's fixed dividend payment is $106 million, and it also pays out 16 cents in fixed dividends per share.
Safety
Safety is a top priority when investing in stocks, and one key aspect to consider is dividend safety. A company with a high level of dividend safety has a consistent history of paying dividends and a low risk of default.
Dividend payment history is a crucial indicator of a company's ability to maintain its dividend payments. Devon Energy Corporation, for example, has a history of paying dividends and has consistently increased its dividend payout for 8 consecutive years.
A low dividend payout ratio is also a sign of a company's financial health. A payout ratio of less than 60% indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Devon Energy Corporation's payout ratio is about 37.66%, which is a healthy indicator of its financial position.
Regular monitoring of a company's financial performance and dividend payment history is essential to ensure its safety.
Understanding Preferred Stocks
Preferred stocks offer a unique combination of safety and return potential, allowing you to have your cake and eat it too. They provide a regular income stream, just like bonds, but with the potential for capital appreciation.
The safety of preferred stocks comes from their claim on assets, which ensures you'll get your money back. This is especially appealing to investors who want to minimize risk.
Preferred stocks typically have a fixed dividend rate, which is a fixed percentage of the stock's par value. This means you can expect a predictable income stream.
Investors who value stability and regular income might prefer preferred stocks over common stocks.
Comparing and Evaluating
Devon Energy Corporation's dividend yield can be compared to its sector, country, and the world using the percentile ranks table. This table shows that DVN's dividend yield of 4.27% is higher than 72% of companies in its country.
To evaluate a company's dividend stability and growth potential, investors can use this table to quickly compare a company's dividend metrics to its peers. The table allows for a quick comparison of a company's dividend yield to its sector, country, and the world.
The table values for DVN are 0.49 relative to the sector, 0.72 relative to the country, and 0.74 relative to the world. These values indicate that Devon Energy Corporation's dividend yield is relatively high compared to its peers.
Here's a quick summary of the table values:
This table helps investors quickly identify a company's dividend yield and compare it to its peers, which can be useful for evaluating a company's stability and growth potential.
Key Information and Growth
The dividend yield of dvn is a key factor to consider for investors. Total Shareholder Yield stands at 8.0%.
The company's dividend growth is a notable 16.7%, indicating a healthy increase in dividend payments over time. This growth rate is a positive sign for investors seeking regular income.
A payout ratio of 37% suggests that the company is distributing a significant portion of its earnings to shareholders. This can be a good indicator of the company's financial health and commitment to returning value to investors.
Key Information

When evaluating a company's growth potential, there are several key metrics to consider.
The total shareholder yield is a crucial indicator of a company's performance, and in this case, it stands at 8.0%. This means that for every dollar invested, shareholders can expect a return of 8 cents.
Dividend yield is another important metric, and here it's 4.3% - a relatively stable figure that suggests a consistent return on investment.
The dividend growth rate is a key driver of long-term returns, and in this instance, it's a healthy 16.7% - a sign that the company is committed to rewarding its shareholders.
Here's a breakdown of the key information:
The payout ratio, which measures how much of the company's earnings are distributed to shareholders, is a relatively modest 37% - a sign that the company is being prudent with its cash flow.
Growth
Dividend growth is a crucial aspect to consider when evaluating a stock's potential.

Devon Energy Corporation's dividend growth has been impressive, with a 17.27% increase over the past 36 months.
Its dividend growth over the most recent 12-month period is also notable, with a significant increase.
The company's five-year average annualized dividend growth rate is 42.53%, which is a strong indicator of its growth prospects.
A Dividend Growth Score of 63 and a corresponding Dividend Growth Grade of B indicate that Devon Energy Corporation's dividend growth is considered strong.
To determine this score, AAII examines four growth components, including growth in cash flow from operations and return on assets.
This comprehensive approach helps investors make informed decisions about the company's growth potential.
Devon Energy Corporation's cash flow from operations and return on assets are key factors in its Dividend Growth Score.
The company's ability to generate cash flow and maintain a strong return on assets is essential for its dividend growth.
Cash Dividend and Payment
DVN is paying a dividend, but the company has no free cash flows. This is a bit of a red flag, as it suggests that the company may be relying on external sources of funding to support its dividend payments.
The lack of free cash flows is a significant issue for investors, as it reduces the company's ability to invest in its business, pay off debt, or weather financial storms. This can be a sign of financial strain, which may impact the company's long-term sustainability.
DVN is still paying a dividend, but investors should be cautious and carefully consider the potential risks involved.
Discovering Strong Companies
Strong dividend paying companies in the MX market can be a great investment opportunity.
We can use tools like the Dividend Grader to evaluate stocks like Devon Energy Corporation.
The Dividend Grader assigns stocks an intuitive A–F grade for three pillars: dividend valuation, dividend growth, and dividend strength.
Devon Energy Corporation ranks high in these pillars, making it an attractive stock for investors.
Investors can use the Dividend Grader's metrics to judge the attractiveness of a stock based on its dividend.
By doing so, investors can make informed decisions about their investments.
Sources
- https://www.koyfin.com/company/dvn/dividends/
- https://simplywall.st/stocks/mx/energy/bmv-dvn/devon-energy-shares/dividend
- https://www.aaii.com/investingideas/article/20154-is-devon-energy-corp-dvn-a-good-dividend-stock
- https://investorplace.com/2022/03/dvn-stock-could-have-a-7-5-percent-dividend-yield-if-oil-prices-stay-high/
- https://www.dividend.com/stocks/energy/oil-gas-coal/exploration-production/dvn-devon-energy/
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