Devon Energy Announces Third-Quarter 2020 Cash Dividend For Common Stockholders
Devon Energy Corp. (NYSE: DVN) announced a quarterly cash dividend of $0.11 per share for Q3 2020.
Rhea-AI Summary
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.
Details
News Market Reaction – DVN
The recorded move for DVN in the trading session of this news was +2.96%.
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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
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
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