Devon Energy (DVN) will raise its quarterly dividend by 9.1 percent in 2014. This follows double digit dividend increases by the energy company in the previous two years.
Devon Energy is an energy company engaged primarily in the exploration, development and production of oil, natural gas and NGLs. The company's operations are concentrated in various North American onshore areas in the U.S. and Canada. The company's midstream business includes its ownership interests in EnLink and the General Partner. Devon Energy was formed in 1971 and has been publicly held since 1988.