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DVN Devon Energy dividend history, payout ratio & dates

Devon Energy's latest quarterly dividend was on Mar 14, 2024 (ex-date) with a payout of $0.44 per share. On an annualized basis, the company has a current payout of $1.5 per share. This brings the dividend yield to 2.88% based on its recent close price. The latest dividend has a decrease of $0.13, or 23% from the prior distribution.

Key dates

  • DVN last dividend date: Mar 14, 2024
  • DVN next dividend date: Not announced
DVN dividend stats
DPS
$1.5
Dividend yield
2.88%
Payout ratio
25.6%
vs. Energy sector
Dividend yield
3.73%
Payout ratio
44.6%

Dividend yield

What is Devon Energy current dividend yield

Devon Energy's dividend yield of 2.88% is higher than its peers average but lower than the Energy sector and the industry average. In comparison with the Energy sector average of 3.73%, Devon Energy's dividend yield is 23% lower. The historical 5-year average of DVN's dividend yield is 3.2%, which is higher than the current one.

Dividend history

What is DVN dividend payout history and dates

Devon Energy has been paying dividends since 1994. DVN has distributed seven quarterly dividends in the past year. The annualized dividend per share has a decrease of 50% since twelve months ago. And with the price of the stock down by 2.8% from a year ago, the dividend yield has a decrease of 49%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 14, 2024 Mar 28, 2024 Feb 27, 2024 $0.44 normal
Dec 14, 2023 Dec 29, 2023 Nov 7, 2023 $0.57 normal
Dec 14, 2023 Dec 29, 2023 Nov 7, 2023 $0.2 normal
Sep 14, 2023 Sep 29, 2023 Aug 1, 2023 $0.2 normal
Sep 14, 2023 Sep 29, 2023 Aug 1, 2023 $0.29 normal
Jun 14, 2023 Jun 30, 2023 $0.52 normal
Jun 14, 2023 Jun 30, 2023 May 8, 2023 $0.2 normal
Mar 14, 2023 Mar 31, 2023 Feb 14, 2023 $0.69 special
Mar 14, 2023 Mar 31, 2023 Feb 14, 2023 $0.2 normal
Dec 9, 2022 Dec 30, 2022 Nov 1, 2022 $1.35 normal
Sep 9, 2022 Sep 30, 2022 Aug 1, 2022 $1.37 special
Sep 9, 2022 Sep 30, 2022 Aug 1, 2022 $0.18 normal
Jun 10, 2022 Jun 30, 2022 May 2, 2022 $1.27 normal
Mar 11, 2022 Mar 31, 2022 Feb 15, 2022 $1 normal
Dec 9, 2021 Dec 30, 2021 Nov 2, 2021 $0.84 normal
Sep 10, 2021 Sep 30, 2021 Aug 3, 2021 $0.11 normal
Sep 10, 2021 Sep 30, 2021 Aug 3, 2021 $0.38 special
Jun 11, 2021 Jun 30, 2021 May 4, 2021 $0.23 special
Jun 11, 2021 Jun 30, 2021 May 4, 2021 $0.11 normal
May 13, 2021 Jun 30, 2021 May 4, 2021 $0.11 normal
May 13, 2021 Jun 30, 2021 May 4, 2021 $0.23 special
Mar 12, 2021 Mar 31, 2021 Feb 16, 2021 $0.19 special
Mar 12, 2021 Mar 31, 2021 Dec 2, 2020 $0.11 normal
Dec 10, 2020 Dec 30, 2020 Sep 16, 2020 $0.11 normal
Sep 11, 2020 Sep 30, 2020 Jun 3, 2020 $0.11 normal
Aug 13, 2020 Oct 1, 2020 Aug 4, 2020 $0.26 special
Jun 12, 2020 Jun 30, 2020 Feb 18, 2020 $0.11 normal
Mar 12, 2020 Mar 31, 2020 Dec 4, 2019 $0.09 normal
Dec 12, 2019 Dec 27, 2019 Sep 11, 2019 $0.09 normal
Sep 12, 2019 Sep 27, 2019 Jun 5, 2019 $0.09 normal
Jun 13, 2019 Jun 28, 2019 Feb 19, 2019 $0.09 normal
Mar 14, 2019 Mar 29, 2019 Nov 28, 2018 $0.08 normal
Dec 13, 2018 Dec 28, 2018 Sep 12, 2018 $0.08 normal
Sep 13, 2018 Sep 28, 2018 Jun 6, 2018 $0.08 normal
Jun 14, 2018 Jun 29, 2018 Mar 7, 2018 $0.08 normal
Mar 14, 2018 Mar 29, 2018 Nov 29, 2017 $0.06 normal
Dec 14, 2017 Dec 29, 2017 Sep 13, 2017 $0.06 normal
Sep 14, 2017 Sep 29, 2017 Jun 7, 2017 $0.06 normal
Jun 13, 2017 Jun 30, 2017 Mar 1, 2017 $0.06 normal
Mar 13, 2017 Mar 31, 2017 Nov 30, 2016 $0.06 normal
Dec 13, 2016 Dec 30, 2016 Sep 14, 2016 $0.06 normal
Sep 13, 2016 Sep 30, 2016 Jun 8, 2016 $0.06 normal
Jun 13, 2016 Jun 30, 2016 Feb 16, 2016 $0.06 normal
Mar 11, 2016 Mar 31, 2016 Dec 2, 2015 $0.24 normal
Dec 11, 2015 Dec 31, 2015 Sep 16, 2015 $0.24 normal
Sep 11, 2015 Sep 30, 2015 Jun 3, 2015 $0.24 normal

Devon Energy dividend payout ratio

What is Devon Energy dividend payout ratio compared to the sector

Payout ratio

Devon Energy's payout ratio of 25.6% is above its peers average but below the Energy sector and the industry average. If we compare it with its Energy sector average of 44.6%, Devon Energy's payout ratio is 43% lower.

Total amount of dividends paid per financial year (from cash flow)

DVN dividend vs peer dividends

How does DVN dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
DVN Devon Energy Corp 2.88% $1.5 25.6%
EOG Eog Resources Inc 2.59% $3.47 26.5%
PXD Pioneer Natural Resources Co 2.11% $5.76 27.6%
COP Conocophillips 1.76% $2.27 25%
OXY Occidental Petroleum Corp 1.13% $0.76 18%

Frequently asked questions

Does Devon Energy pay a dividend?

Yes, Devon Energy has been paying dividends for the last 30 years.

When is Devon Energy's next dividend?

At this point we don't have a record of DVN's next dividend date, but based on the current dividend schedule we project that it will likely be in June 2024.

When was DVN's last dividend?

Devon Energy's last dividend ex-date was on Mar 14, 2024. The dividend amount was $0.44 per share.

How much dividend does Devon Energy pay (per share)?

DVN's annualized dividend per share is $1.5.

What is Devon Energy's dividend yield?

Currently Devon Energy's dividend yield is 2.88%.

How often does Devon Energy pay dividends?

Devon Energy has a quarterly dividend frequency.

What is Devon Energy's dividend payout ratio?

The dividend payout ratio of Devon Energy is 25.6%.

Does Devon Energy pay a good dividend?

Devon Energy's dividend yield is lower than the Energy sector average.