While that is a distraction, I’m also encouraged that PayPal has brand power. Both the new generation of tech and the old guard recognize the brand. That kind of trust may go a long way during uncertain market cycles such as this. Unfortunately, the catalyst stemming from collective cabin fever also encountered the Fed’s hawkish monetary policy.
The last Devon Energy Corporation (DVN) dividend payout was $ 0.49 per DVN share on September 14, 2023, resulting in a 0.96% dividend yield. Devon Energy Corporation (DVN) distributes dividends on Quarterly basis and has been consistently increasing dividends for 6 years (since 2017). The dividend payout increased by an average of 97.62% per year during this time period. Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin.
- An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
- The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
- Investors should not be worried about the current price dip.
- It has certainly been the biggest winner so far this year, with shares skyrocketing more than 70% as of Oct. 31.
- The last dividend paid out to investors was $0.52 on June 30, 2023.
- AbbVie’s streak of dividend hikes now stands at 51 years in a row after the company’s latest dividend increase was announced last week.
Anyway, the point is that stateside consumers love Bud Light. If anything, analysts are confident, pegging BUD a strong buy with a $69.73 target, implying about 28% upside. What may be more frustrating for investors is that there doesn’t seem to be an end to the review the intelligent investor volatility. In the trailing one-month period, VZ gave up nearly 8% of equity value. Factors such as fierce competition along with a troubled consumer economy have crimped Verizon’s business. However, for the extreme contrarian, VZ could be a tempting idea.
Tellingly, early this month, KeyBanc analysts cut their price target on ALB to $254 from $291 (though they kept their “overweight” assessment). Also, PYPL does seem attractive based on specific metrics. For example, its enterprise-value-to-EBITDA ratio sits at 9.69X, favorably lower than the sector median of 19.59x. Even better, analysts dig it, pegging PYPL a moderate buy with an $87.07 target, implying 50% upside. However, increased demand for energy products from any source – from natural factors such as immigration – likely means hydrocarbons will remain relevant in perpetuity.
DVN Dividend Yield Over Time
I believe the investor behavior being displayed over the last three months is certainly the latter of the two scenarios. This presents investors with the opportunity to invest at more attractive entry points, and also the opportunity to trim their profits when they potentially become overvalued. You may need a strong stomach at times, but this can be counteracted by having a clear vision of what price DVN represents for a solid value purchase.
- In October, Brookfield Renewable and Cameco teamed up to acquire nuclear power provider Westinghouse Electric.
- The demand for renewable energy will almost certainly increase significantly for years to come as a result.
- Devon is a bargain high-yield dividend stock that should have more room to run.
- And over the past decade, Devon Energy Corp’s annual dividends per share growth rate stands at 7.40%.
- I view the stock as at least 10% undervalued compared to mid-cycle oil prices.
- It is very apparent that OPEC+ desires to maintain a price floor of $80/barrel.
However, like AbbVie, it offers a dividend yield of more than 4%. There are no upcoming dividends announced for Devon Energy. The last reported dividend for Devon Energy (DVN) was $0.52 and was paid out on June 30, 2023. Most investors would call this a negative, but I view this as one of my fundamental differentiators for why I invest in DVN and not either of the other three stocks. For example, Devon produced 223 million barrels of oil equivalent from Delaware and Anadarko in 2022 but ended the year with 1,438 million barrels of oil equivalent in proven reserves.
Company Profile
The dividend schedule below includes dividend amounts, payment dates and ex-dividend dates for Devon Energy. Devon Energy issues dividends to shareholders from excess beaxy exchange review cash the company generates. Most companies pay dividends on a quarterly basis, but dividends may also be paid monthly, annually or at irregular intervals.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (’V’ for Value, 'G’ for Growth and 'M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The most recent change in the company’s dividend was a decrease of $0.23 on Tuesday, August 1, 2023.
The stock repurchase program may be discontinued at any time. I have laid out my bullish case for Devon over a long term horizon. I acknowledge that, as pointed out by JR Research, the irrationality of the stock market may overpower logic here in the near term. It is something investors should at least be cognizant of, both from a risk perspective and also for another potential buying opportunity. With all the negative sentiment, there is a tangible risk of breaking through support levels for the stock. Fellow SA Analyst, JR Research, recently posted a bearish thesis that identifies that DVN is currently sitting near its lower support level of $44/share.
Devon Energy Corp (DVN): A Deep Dive into its Dividend Performance and Sustainability
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Devon Energy Dividend – Frequently Asked Questions
Management believes these two autoimmune-disease drugs will top Humira’s peak annual sales within a few years. Perhaps the most important thing to know about AbbVie (ABBV -0.23%) is that it’s a Dividend King. This distinction applies only to S&P 500 members that have increased their dividends annually for at least 50 thinkmarkets forex broker review consecutive years. AbbVie’s streak of dividend hikes now stands at 51 years in a row after the company’s latest dividend increase was announced last week. Discover dividend stocks matching your investment objectives with our advanced screening tools. The last dividend paid out to investors was $0.52 on June 30, 2023.
Dividend Charts
Devon produces over 2 billion cubic feet of natural gas each day, about 3 percent of all the gas consumed in North America; natural gas being about 60% of the company’s production mix. Devon operates a „fixed plus variable” dividend strategy, with the current fixed portion set at $0.20 a quarter or $0.80 a year. Based on the current price, the fixed part of the dividend alone is yielding 1.9%. That said, even the fixed dividend somewhat relies on energy prices.
Yet, DVN is now at the lowest price so far in 2023, even exceeding the low set in March during the brief banking 'crisis’ that developed after the run on Silicon Valley Bank. Add Devon Energy Corp. to receive free notifications when they declare their dividends. Data are provided 'as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
All stock quotes on this website should be considered as having a 24-hour delay. With a potentially long runway ahead, energy stocks could still represent positive value… Generate fixed income from corporates that prioritize environmental, social and governance responsibility.