Trailing Dividend / Share
$0.98
Devon Energy Corporation (DVN) Dividend History
Income profile from 1993 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.3%
Payout Ratio
23.4%
Sustainable
Dividend Streak
0 years
3-Second Income Check
Safety
23.4% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 6.0% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield2.3%
Trailing DPS$0.98
FrequencyAnnual
Payments / 12M5
Payout Safety
Earnings Payout23.4%
Earnings SafetySustainable
FCF Payout20.3%
FCF SafetyWell Covered
Piotroski F-Score5/9
Growth
Growth Streak0 years
3Y CAGR-42.9%
5Y CAGR7.1%
Yield on Cost (5Y)6.0%
YOC Trendrising
Total Returns
Buyback Yield3.9%
Total Shareholder Yield6.1%
1Y Total Return22.8%
5Y Total Return149.8%
Div Contribution (5Y)55.4%
Estimated $10K growth (return + dividends):
5Y ago$24,97810Y ago$29,44120Y ago$11,098
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (34 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Devon Energy Corporation distributes 23.4% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 20.3%, rated "Well Covered".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
DVN does not have a current streak of consecutive dividend increases, with a 3-year CAGR of -42.9% and 5-year CAGR of 7.1%.
Total Shareholder Returns
Beyond cash dividends, DVN returns capital through share repurchases. The combined picture: 2.3% dividend yield, 3.9% buyback yield, 6.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.0% and is currently rising. The 5-year total return is 149.8%, with dividends contributing 55.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $29,441 today.
Recent Dividend Payments
Last 20 payments · Annual
TTM Total$12.36
Avg/Payment$0.6180
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 13, 2026Latest | $0.2400 | — | 2.21% | Mar 31, 2026 |
| Dec 15, 2025 | $0.2400 | — | 2.65% | Dec 30, 2025 |
| Sep 15, 2025 | $0.2400 | — | 2.78% | Sep 30, 2025 |
| Jun 13, 2025 | $0.2400 | — | 3.25% | Jun 30, 2025 |
| Mar 14, 2025 | $0.2400 | ↑ +9.1% | 3.62% | Mar 31, 2025 |
| Dec 13, 2024 | $0.2200 | ↓ -50.0% | 4.28% | Dec 30, 2024 |
| Sep 13, 2024 | $0.4400 | ↑ +25.7% | 5.07% | Sep 30, 2024 |
| Jun 14, 2024 | $0.3500 | ↓ -20.5% | 4.50% | Jun 28, 2024 |
Dividend Peer Comparison
Peer group: U.S. shale oil focused producers
#9 yield in peer group
Div Yield
2.3%
#9 of 9
Safety
Sustainable
23.4% payout
Streak
0Y
7.1% 5Y CAGR
Total Shareholder
6.1%
#4 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
DVNDevon Energy Corpora… | $27.0B | 2.3% | 23.4% | 0 | Sustainable |
EOGEOG Resources, Inc. | $67.3B | 3.2% | — | 1 | Unknown |
FANGDiamondback Energy, … | $49.5B | 2.3% | 69.5% | 0 | Watch |
OVVOvintiv Inc. | $12.8B | 2.3% | 24.8% | 5 | Sustainable |
MTDRMatador Resources Co… | $6.5B | 2.5% | — | 5 | Unknown |
2nd CHRDChord Energy Corpora… | $6.2B | 5.1% | — | 0 | Unknown |
3rd SMSM Energy Company | $2.7B | 3.5% | — | 4 | Unknown |
1st CIVICivitas Resources, I… | $2.3B | 18.2% | 58.9% | 0 | Sustainable |
PRPermian Resources Co… | $1.5B | 3.3% | — | 0 | Unknown |
Annual Dividend History
38 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.24 | — | 1 | — | — | — | 1.5% |
| 2025 | $0.96 | -33.8% | 4 | $4.20 | 22.9% | 4.38x | 6.0% |
| 2024 | $1.45 | -49.5% | 4 | $4.57 | 31.7% | 3.15x | 9.0% |
| 2023 | $2.87 | -44.5% | 4 | $5.84 | 49.1% | 2.03x | 17.8% |
| 2022 | $5.17 | 162.4% | 4 | $9.12 | 56.7% | 1.76x | 32.1% |
| 2021 | $1.97 | 189.7% | 4 | $4.18 | 47.1% | 2.12x | 12.2% |
| 2020 | $0.68 | 94.3% | 5 | $-7.12 | — | — | 4.2% |
| 2019 | $0.35 | 16.7% | 4 | $-0.20 | — | — | 2.2% |
| 2018 | $0.30 | 25.0% | 4 | $6.10 | 4.9% | 20.33x | 1.9% |
| 2017 | $0.24 | -42.9% | 4 | $1.70 | 14.1% | 7.08x | 1.5% |
See DVN's True Return
Price is only half the story. See total return with reinvested dividends.
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See how DVN stacks up against sector leader California Resources Corporation.
Start ComparisonFrequently Asked Questions
How much dividend does DVN pay per share?
Devon Energy Corporation (DVN) pays a trailing 12-month dividend of $0.98 per share, with a current dividend yield of +2.3%. Payments are made Annual.
When is DVN's next ex-dividend date?
DVN's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. DVN typically pays dividends Annual.
Is DVN's dividend safe?
DVN's dividend safety is rated "Sustainable" based on an earnings payout ratio of +23.4% and FCF payout ratio of +20.3%. The dividend history does not yet show a prolonged growth streak.
How many years has DVN increased its dividend?
DVN has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +7.1%.
How often does DVN pay dividends?
Devon Energy Corporation pays dividends Annual. The trailing 12-month total is $0.98 per share. Dividend data on this page covers 33+ years from 1993 to 2026.
How much would $10,000 invested in DVN grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in DVN five years ago would be worth approximately $24,978 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is DVN's yield on cost for long-term holders?
DVN's yield on cost — the current dividend divided by the original purchase price — is +6.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.3% market yield, thanks to consistent dividend growth.