Devon Energy Corporation (NYSE:DVN) will begin trading ex-dividend on September 11, 2020. The quarterly dividend payment of $ 0.11 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 4.59 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Devon Energy Corporation recently reported first quarter financial results on May 5, 2020, after market close, oil exploration and development giant unwinded income for the first quarter of $ 0.13 per share, from the revenue of $ 2,087.00 million. The quarterly earnings down 63.89 percent while revenues decreased 5.57 percent compared with the same quarter last year.
According to street consensus, DVN was expected to report 1Q20 loss of $ 0.22 per share from revenue of $ 1404.72 million. The bottom line results beat street analysts by $ 0.35 or 159.09 percent, at the same time, top line results outshined analysts by $ 682.28 million or 48.57 percent.
Stock Performance
Shares of Devon Energy Corporation traded low $ -0.04 or -0.42 percent on Wednesday, reaching $ 9.58 with volume of 7.04 million shares. Devon Energy Corporation has traded high as $ 9.79 and has cracked $ 9.37 on the downward trend
According to the previous trading day, closing price of $ 9.58, representing a 104.68 % increase from the 52 week low of $ 4.70 and a 66.15 % decrease over the 52 week high of $ 28.42.
The company has a market capital of $ 3.67 billion and is part of the Energy sector and Oil & Gas E&P industry.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 12,900 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
