Devon Energy Increases Cash Dividend for Common Stockholders

Devon Energy Corporation (NYSE:DVN) today announced that its board of directors has approved an approximate 18 percent increase to its quarterly cash dividend on Devon’s common stock from $0.17 per share to $0.20 per share. The increase is effective with the dividend payable on March 30, 2012 to shareholders of record as of the close of business on March 15, 2012, and amends the first quarter dividend previously announced on November 30, 2011.

“We have a long history of returning cash to our shareholders, having increased our dividend seven times, or a total of 800 percent, and repurchased over 20 percent of our common stock since 2004,” said Jeff Agosta, chief financial officer. “Our dividend increase underscores Devon’s financial strength and the confidence we have in our underlying business.”

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For additional information, visit


Devon Energy Corporation
Investor Contact
Shea Snyder, 405-552-4782
Media Contact
Chip Minty, 405-228-8647
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here