Devon Energy cuts dividend by 75.0 percent in 2016 Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Devon Energy As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Devon Energy As of October 10, 2023	DVN	$0.80	11.1%	63.6%	0.0%
Oil & Gas Production	1.7%	6	20.1%	Quarter	1993

Devon Energy cuts dividend by 75%

Tuesday 16 February 2016

Devon Energy (DVN) will cut its quarterly dividend by 75.0 percent to $0.06 per share. This follows a long history of dividend hikes, with the last dividend increase of 9.1 percent dating back to 2014.

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.

Devon Energy

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