DVN (Devon Energy) Dividend Payout Ratio : 0.25 (As of Jun. 2024)

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What is Devon Energy Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Devon Energy's Dividend Payout Ratio for the months ended in Jun. 2024 was 0.25.

The historical rank and industry rank for Devon Energy's Dividend Payout Ratio or its related term are showing as below:

DVN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.54 Max: 3.69
Current: 0.25

During the past 13 years, the highest Dividend Payout Ratio of Devon Energy was 3.69. The lowest was 0.19. And the median was 0.54.

DVN's Dividend Payout Ratio is ranked better than
74.56% of 452 companies
in the Oil & Gas industry
Industry Median: 0.46 vs DVN: 0.25

As of today (2024-10-08), the Dividend Yield % of Devon Energy is 4.75%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Devon Energy was 11.20%. The lowest was 0.54%. And the median was 2.36%.

Devon Energy's Dividends per Share for the months ended in Jun. 2024 was $0.35.

During the past 12 months, Devon Energy's average Dividends Per Share Growth Rate was -54.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 89.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 81.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Devon Energy was 145.40% per year. The lowest was -36.60% per year. And the median was 12.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Devon Energy Dividend Payout Ratio Historical Data

The historical data trend for Devon Energy's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Devon Energy Dividend Payout Ratio Chart

Devon Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.32

0.56

1.47

0.35

Devon Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.61	0.30	0.19	0.38	0.25

Competitive Comparison of Devon Energy's Dividend Payout Ratio

For the Oil & Gas E&P subindustry, Devon Energy's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Devon Energy's Dividend Payout Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Devon Energy's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Devon Energy's Dividend Payout Ratio falls into.

Devon Energy Dividend Payout Ratio Calculation

Devon Energy's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.87	/	8.31
	=	0.35

Devon Energy's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2024 )	/	EPS without NRI (Q: Jun. 2024 )
	=	0.35	/	1.41
	=	0.25

Devon Energy (NYSE:DVN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Devon Energy Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Devon Energy's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Devon Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (NYSE:DVN) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

DVN:Mexico 1DY6:Italy DY6d:UK 0I8W:UK DY6:Germany DY6:Germany DY6:Germany D1VN34:Brazil DY6:Bulgaria DVN:Austria

Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

Executives

Tana K Cashion	officer: SVP Human Resources and Admin	333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Richard E Muncrief	director, officer: President and CEO	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Dennis C Cameron	officer: EVP and General Counsel	DEVON ENERGY, 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Clay M Gaspar	officer: EVP and COO	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
John E Bethancourt	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Michael N Mears	director	ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Gennifer F. Kelly	director	1702 COMMERCE WAY, BRENTWOOD TN 37027
Valerie Williams	director	C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Ann G Fox	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Kelt Kindick	director	DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102
Jeffrey L Ritenour	officer: EVP & CHIEF FINANCIAL OFFICER	333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Jeremy D. Humphers	officer: SVP Chief Accounting Officer	333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK 73102-5015
Felix Investments Holdings Ii, Llc	director, 10 percent owner	1530 16TH STREET, SUITE 500, DENVER CO 80202
Encap Energy Capital Fund X, L.p.	director, 10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Karl F Kurz	director	DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102