Devon Energy Announces Second-Quarter Dividend for Common Stockholders
August 01 2022 - 3:02PM
Devon Energy Corp. (NYSE: DVN) announced today its board of
directors declared a fixed-plus-variable dividend of $1.55 per
share based on the company’s second-quarter financial performance.
This record payout represents a 22 percent increase from the
previous quarter.
As part of the second-quarter dividend announcement, the board
approved an increase in the fixed dividend of 13 percent or $0.02
per share. The company’s fixed-plus-variable dividend is payable on
Sep. 30, 2022 to shareholders of record at the close of business on
Sep. 12, 2022.
ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with
a premier multi-basin portfolio headlined by a world-class acreage
position in the Delaware Basin. Devon’s disciplined cash-return
business model is designed to achieve strong returns, generate free
cash flow and return capital to shareholders, while focusing on
safe and sustainable operations. For more information, please visit
www.devonenergy.com.
Investor Contacts |
Media
Contact |
Scott Coody, 405-552-4735 |
Lisa Adams, 405-228-1732 |
Chris Carr, 405-228-2496 |
|
FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” within
the meaning of the federal securities laws. Such statements are
subject to a number of assumptions, risks and uncertainties, many
of which are beyond the control of Devon. These risks include, but
are not limited to: the risk that Devon may reduce, suspend or
totally eliminate dividend payments in the future, whether variable
or fixed, due to insufficient liquidity or other factors; and the
other risks identified in Devon’s 2021 Annual Report on Form 10-K
and its other filings with the Securities and Exchange Commission.
Investors are cautioned that any such statements are not guarantees
of future performance and that actual results or developments may
differ materially and adversely from those projected in the
forward-looking statements. The forward-looking statements in this
press release are made as of the date hereof, and Devon does not
undertake, and expressly disclaims, any duty to update or revise
our forward-looking statements based on new information, future
events or otherwise.
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