Devon Energy Announces Fourth-Quarter 2020 Cash Dividend for Common Stockholders
Rhea-AI Summary
Devon Energy Corp. (NYSE: DVN) has declared a quarterly cash dividend of $0.11 per share for the fourth quarter of 2020. This dividend is scheduled for payment on December 30, 2020, with a record date of December 11, 2020. As a prominent player in the energy sector, Devon focuses on oil and natural gas production across various prolific U.S. regions, striving for capital-efficient cash-flow growth and impressive corporate-level returns.
Positive
- Quarterly dividend of $0.11 per share announced.
- Demonstrates financial stability and commitment to returning value to shareholders.
- Scheduled payment on December 30, 2020.
Negative
- None.
News Market Reaction – DVN
In the trading session that priced this news, DVN gained 5.74%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OKLAHOMA CITY, Sept. 16, 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 fourth quarter of 2020. The dividend is payable on Dec. 30, 2020, at a rate of
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.
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