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
1 years
DVN Dividend Income Check
Safety
23.4% payout ratio with sustainable safety profile.
Consistency
1 straight years of dividend increases.
Income Trend
Yield on cost is 6.0% and trend is rising.
DVN Dividend Scorecard
Yield & Income
Dividend Yield2.3%
Trailing DPS$0.98
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout23.4%
Earnings SafetySustainable
FCF Payout29.8%
FCF SafetyWell Covered
Piotroski F-Score5/9
Growth
Growth Streak1 years
3Y CAGR-42.9%
5Y CAGR7.1%
Yield on Cost (5Y)6.0%
YOC Trendrising
Total Returns
Buyback Yield4.0%
Total Shareholder Yield6.3%
1Y Total Return26.8%
5Y Total Return103.6%
Div Contribution (5Y)46.1%
Estimated $10K growth (return + dividends):
5Y ago$20,35910Y ago$15,21720Y ago$12,243
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). DVN's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
DVN Income Growth Story
Dividend per share and yield on cost over time (34 years of payments)
DVN Dividend Safety Story
EPS is the container — dividend is what's drawn out
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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 29.8%, rated "Well Covered".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
DVN has raised its dividend for 1 consecutive year, 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, 4.0% buyback yield, 6.3% 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 103.6%, with dividends contributing 46.1% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $15,217 today.
DVN Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$12.34
Avg/Payment$0.6170
Latest Change+33.3%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 15, 2026Latest | $0.3200 | ↑ +33.3% | 2.39% | Jun 30, 2026 |
| Mar 13, 2026 | $0.2400 | — | 2.08% | 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 |
DVN Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
2.3%
#7 of 9
Safety
Sustainable
23.4% payout
Streak
1Y
7.1% 5Y CAGR
Total Shareholder
6.3%
#5 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| DVNDevon Energy Corpora… | $26.2B | 2.3% | 23.4% | 1 | Sustainable |
 COPConocoPhillips | $131.3B | 3.0% | 50.0% | 9 | Sustainable |
2nd  EOGEOG Resources, Inc. | $69.2B | 3.1% | 43.4% | 8 | Sustainable |
 APAAPA Corporation | $11.7B | 3.0% | 25.1% | 0 | Sustainable |
 FANGDiamondback Energy, … | $51.6B | 2.2% | 69.5% | 8 | Watch |
 OVVOvintiv Inc. | $14.7B | 2.3% | 24.8% | 0 | Sustainable |
 XOMExxon Mobil Corporat… | $584.0B | 2.9% | 59.7% | 43 | Sustainable |
1st  CVXChevron Corporation | $346.5B | 4.0% | 1.0% | 38 | Sustainable |
3rd  OXYOccidental Petroleum… | $51.5B | 3.1% | 67.3% | 4 | Watch |
DVN Annual Dividend History (1989–2026)
38 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.56 | — | 2 | — | — | — | 3.5% |
| 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% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into DVN consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
33+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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DVN — Frequently Asked Questions
Quick answers to the most common questions about buying DVN stock.
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 Semi-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 Semi-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 +29.8%. The 1-year growth streak provides moderate confidence.
How many years has DVN increased its dividend?
DVN has 1 consecutive years of dividend growth. The 5-year dividend CAGR is +7.1%.
How often does DVN pay dividends?
Devon Energy Corporation pays dividends Semi-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 $20,359 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.