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Devon Energy Announces Third-Quarter 2020 Cash Dividend For Common Stockholders

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Devon Energy Corp. (NYSE: DVN) announced a quarterly cash dividend of $0.11 per share for Q3 2020. The dividend is payable on September 30, 2020, with a record date of September 14, 2020. Devon operates as a leading independent energy company focused on oil and natural gas production, emphasizing strong returns and efficient cash-flow growth. As part of the S&P 500, the company continues to engage in several prolific oil and gas plays across the U.S.

Positive
  • Quarterly cash dividend of $0.11 per share enhances shareholder income.
  • Confidence in financial stability as evidenced by consistent dividend payments.
Negative
  • None.

OKLAHOMA CITY, June 03, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2020. The dividend is payable on Sept. 30, 2020, at a rate of $0.11 per share based on a record date of Sept. 14, 2020.

About Devon Energy
Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. with an emphasis on achieving strong corporate-level returns and capital-efficient cash-flow growth. For more information, please visit www.devonenergy.com.

Investor Contacts
Scott Coody, 405-552-4735
Chris Carr, 405-228-2496

Media Contact
John Porretto, 405-228-7506


FAQ

What is the dividend amount declared by Devon Energy for Q3 2020?

The dividend amount is $0.11 per share.

When is the dividend payable for Devon Energy?

The dividend is payable on September 30, 2020.

What is the record date for the dividend payment?

The record date for the dividend is September 14, 2020.

How often does Devon Energy pay dividends?

Devon Energy pays dividends quarterly.

Is the dividend from Devon Energy sustainable?

The sustainability of the dividend depends on the company's ongoing financial performance and cash flow management.

Devon Energy Corporation

NYSE:DVN

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21.93B
640.16M
0.74%
73.96%
3.21%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
OKLAHOMA CITY