Devon Energy Corporation (DVN) To Go Ex-Dividend on December 15th

Posted by Francis Steltz on Nov 7th, 2026

Devon Energy Corporation (NYSE:DVN – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.32 per share by the energy company on Wednesday, December 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, December 15th.

Devon Energy has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Devon Energy has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Devon Energy to earn $5.36 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 23.9%.

Devon Energy Price Performance

Devon Energy stock opened at $42.22 on Friday. The business’s fifty day moving average is $48.64 and its two-hundred day moving average is $46.04. The firm has a market cap of $46.45 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.27 and a beta of 0.43. Devon Energy has a 52 week low of $32.49 and a 52 week high of $52.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72.

Devon Energy (NYSE:DVN – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.57 billion. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%. The firm’s quarterly revenue was up 66.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. Equities research analysts forecast that Devon Energy will post 5.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays dropped their price target on Devon Energy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday. Mizuho reduced their price objective on Devon Energy from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Morgan Stanley lifted their price objective on Devon Energy from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Scotiabank assumed coverage on shares of Devon Energy in a research report on Wednesday, October 14th. They set a “sector outperform” rating and a $61.00 price target on the stock. Finally, Wall Street Zen upgraded Devon Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and an average price target of $60.61.

View Our Latest Analysis on Devon Energy

Devon Energy Company Profile

(Get Free Report)

Devon Energy Corporation is an independent energy company focused on exploring for and producing oil, natural gas and natural gas liquids. Its activities include developing and operating producing properties and managing the infrastructure needed to bring its products to market.

Founded in 1971, Devon is headquartered in Oklahoma City. Its operations are concentrated in U.S. onshore basins, including the Delaware Basin, Eagle Ford, Anadarko, Williston and Powder River basins.

The company’s portfolio has evolved through acquisitions and asset sales over its history.