Is Devon Energy Corporation a good dividend stock?

Devon Energy Corporation (DVN) is a dividend-paying stock with a current dividend yield of 2.46%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is DVN's dividend yield?

The dividend yield for DVN stock is currently 2.46%.

How much does DVN pay in dividends per year?

Devon Energy Corporation pays an annual dividend of $1.0400 per share over the trailing twelve months.

How often does DVN pay dividends?

DVN stock pays dividends quarterly.

Is DVN's dividend growing?

Devon Energy Corporation's 3-year dividend CAGR is -38.68%.

DVN Stock Price, Chart, Stats & News

Devon Energy Corporation

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Overview Dividend safety Dividends Fundamentals

Devon Energy Corporation (DVN) is a dividend-paying stock with a current dividend yield of 2.46% as of Jul 10, 2026. It pays $1.04 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 3.87% 5-year compound annual rate.

26.24B

Market cap

11.29x

Current P/E

7.65x

Forward P/E

2.46%

Dividend yield

$1.04

DVN dividend

Dividend safety

Strong

Dividend coverage looks healthy — DVN pays out about 28% of earnings.

See the safety analysis

DVN chart

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Fundamentals

Gross margin	22.70%
Operating margin	19.79%
Pretax margin	20.87%
Net margin	15.91%
Effective tax rate	22.65%
ROA	8.36%
ROE	17.47%
D/E	0.57x
Interest coverage ratio	6.48x

All financials

DVN valuation

P/E	11.29x
P/S	1.94x
P/B	2.08x
P/CF	4.79x
P/FCF	10.59x
P/OCF	4.79x
PEG	-7.45x
EV multiple	3.39x

About

Energy

Sector

Oil & Gas Exploration & Production

Industry

As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.