Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This High-Yield Dividend Stock's Payout Is Soaring (and There's More Fuel in the Tank)

TheMotleyFool

0 0

Devon Energy (NYSE: DVN) offers income investors something rather unique. The oil company pays a base quarterly dividend that it can sustain at lower oil prices. On top of that, it pays a variable dividend that fluctuates with its oil-fueled cash flow.

The company recently ratcheted up that secondary payment. That additional payout could head even higher in 2024. This upside potential makes Devon Energy an interesting option for income-seeking investors.

Devon Energy's dividend payment has fluctuated with oil prices over the past several quarters. It surged with crude oil in early 2022 before sliding as oil cooled off over the last few quarters.

Source Fool.com

Like: 0

DVN

Share