Devon Energy Announces 22 Percent Increase in Quarterly Dividend

Source Press Release
Company Devon Energy Corporation 
Tags Strategy - Corporate
Date February 18, 2020

Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has approved a 22 percent increase in its quarterly common stock dividend. The new quarterly dividend rate will be $0.11 per share, compared to the prior quarterly dividend of $0.09 per share. The increased dividend is payable on June 30, 2020, to shareholders of record as of the close of business on June 15, 2020.

“The 22 percent increase in our quarterly dividend is the latest example of Devon’s commitment to return cash to shareholders and reflects the confidence we have in our underlying business and financial strength,” said Dave Hager, president and CEO.

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