Devon Energy (NYSE: DVN) is a trendsetter among dividend stocks. The oil producer launched that industry's first fixed-plus-variable dividend framework in 2021 following its merger with WPX Energy. It pays a base dividend it can sustain at lower oil prices and a variable payout that fluctuates with its oil-fueled cash flows.

After paying a gusher of dividends in 2022 due to higher oil prices, Devon Energy's total dividend outlay fell last year as crude prices cooled off. Here's a look at what direction the oil stock's dividend might head in 2024.

Devon Energy paid a total of $2.87 per share in dividends last year. That was down from $5.17 per share in 2022 due to much lower variable dividend payments:

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Source Fool.com