How Much Will Devon Energy Pay in Dividends This Year?
Get your money's worth with this article, as it offers not one but three potential answers to Devon Energy's (NYSE: DVN) dividend question. While there's no definitive answer, the prospect of significant returns to shareholders is clear.
First, Devon Energy will pay at least $0.88 in dividends this year through its fixed dividend, implying a dividend yield of 1.7% at the current price.
Second, Devon Energy plans to return 70% of its free cash flow (FCF) in the form of dividends and share buybacks based on management's projections and an average price of oil of $85 a barrel in 2024. Devon's returns to shareholders would be 7.5% of its market cap. In other words, the company could, theoretically, at least, pay a 7.5% dividend yield to shareholders at the current price.
Source Fool.com
