Devon Energy Keeps Dividend Steady
Independent oil and gas producer Devon Energy announced yesterday its third-quarter dividend of $0.22 per share, the same amount it paid in the previous quarter.
The board of directors said the quarterly dividend is payable on Sept. 30 to the holders of record at the close of business on Sept. 13. Devon has made quarterly cash payouts since since at least 1993.
The regular dividend payment equates to a $0.88-per-share annual dividend, yielding 1.5% based on the closing price of Devon Energy's stock on June 4.
The article Devon Energy Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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