DVN Dividend History & Analysis | 2.7% Yield

DVN has a dividend yield of 2.7% and paid 0.96 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 2.74%
Payout Ratio 31.1%
Growth Rate CAGR 5y -16.45%
Consistency Lifetime 90.9%
Yield on Cost 5y 6.63%
Payout FCF 20.2%
Streak Years 33
Dividend Rating 15.59%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 31.4%
Total Return 5y: 202.8%

Top Dividend Payers in Oil & Gas Exploration & Production

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
DMLP 1,149 M 13.3% 35.7%
KRP 1,449 M 11.8% 30.1%
MNR 1,957 M 14.2% 14.4%
BSM 3,133 M 10.0% 22.8%
EPM 138 M 10.4% 20.3%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
SM 4,534 M 166% 92.5%
MTDR 5,895 M 80.1% 100%
WTI 323 M 100% 46.6%
NOG 2,440 M 70.1% 100%
DEC 1,126 M 64.1% 90.0%

Quality Dividend Peers in Oil & Gas Exploration & Production

APA
APA
 4.98% Yield
COP
ConocoPhillips
 3.45% Yield
MGY
Magnolia Oil & Gas
 2.61% Yield
WDS
Woodside Energy
 6.75% Yield
MAU
Etablissements Maurel
 6.61% Yield
EFXT
Enerflex
 1.28% Yield

DVN Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-15 2025-12-15 2025-12-30 Quarterly 0.24 0% 0.64%
2025-09-15 2025-09-15 2025-09-30 Quarterly 0.24 0% 0.69%
2025-06-13 2025-06-13 2025-06-30 Quarterly 0.24 0% 0.68%
2025-03-14 2025-03-14 2025-03-31 Quarterly 0.24 9.1% 0.71%
2024-12-13 2024-12-13 2024-12-30 Quarterly 0.22 -50% 0.65%
2024-09-13 2024-09-13 2024-09-30 Quarterly 0.44 25.7% 1.11%
2024-06-14 2024-06-14 2024-06-28 Quarterly 0.35 -20.5% 0.77%
2024-03-14 2024-03-15 2024-03-28 Quarterly 0.44 -42.9% 0.93%
2023-12-14 2023-12-15 2023-12-29 Quarterly 0.77 57.1% 1.74%
2023-09-14 2023-09-15 2023-09-29 Quarterly 0.49 -31.9% 0.96%
2023-06-14 2023-06-15 2023-06-30 Quarterly 0.72 -19.1% 1.44%
2023-03-14 2023-03-15 2023-03-31 Quarterly 0.89 -34.1% 1.82%
2022-12-09 2022-12-12 2022-12-30 Quarterly 1.35 -12.9% 2.18%
2022-09-09 2022-09-12 2022-09-30 Quarterly 1.55 22% 2.26%
2022-06-10 2022-06-13 2022-06-30 Quarterly 1.27 27% 1.68%
2022-03-11 2022-03-14 2022-03-31 Quarterly 1 19% 1.72%
2021-12-09 2021-12-10 2021-12-30 Quarterly 0.84 71.4% 1.93%
2021-09-10 2021-09-13 2021-09-30 Quarterly 0.49 44.1% 1.71%
2021-06-11 2021-06-14 2021-06-30 Quarterly 0.34 13.3% 1.16%
2021-03-12 2021-03-15 2021-03-31 Quarterly 0.3 172.7% 1.22%
2020-12-10 2020-12-11 2020-12-30 Quarterly 0.11 0% N/A
2020-09-11 2020-09-14 2020-09-30 Quarterly 0.11 -57.7% N/A
2020-08-13 2020-08-14 2020-10-01 Other 0.26 136.4% N/A
2020-06-12 2020-06-15 2020-06-30 Quarterly 0.11 22.2% N/A
2020-03-12 2020-03-13 2020-03-31 Quarterly 0.09 0% N/A
2019-12-12 2019-12-13 2019-12-27 Quarterly 0.09 0% N/A
2019-09-12 2019-09-13 2019-09-27 Quarterly 0.09 0% N/A
2019-06-13 2019-06-14 2019-06-28 Quarterly 0.09 12.5% N/A
2019-03-14 2019-03-15 2019-03-29 Quarterly 0.08 0% N/A
2018-12-13 2018-12-14 2018-12-28 Quarterly 0.08 0% N/A
2018-09-13 2018-09-14 2018-09-28 Quarterly 0.08 0% N/A
2018-06-14 2018-06-15 2018-06-29 Quarterly 0.08 33.3% N/A
2018-03-14 2018-03-15 2018-03-29 Quarterly 0.06 0% N/A
2017-12-14 2017-12-15 2017-12-29 Quarterly 0.06 0% N/A
2017-09-14 2017-09-15 2017-09-29 Quarterly 0.06 0% N/A
2017-06-13 2017-06-15 2017-06-30 Quarterly 0.06 0% N/A
2017-03-13 2017-03-15 2017-03-31 Quarterly 0.06 0% N/A
2016-12-13 2016-12-15 2016-12-30 Quarterly 0.06 0% N/A
2016-09-13 2016-09-15 2016-09-30 Quarterly 0.06 0% N/A
2016-06-13 2016-06-15 2016-06-30 Quarterly 0.06 -75% N/A
2016-03-11 2016-03-15 2016-03-31 Quarterly 0.24 0% N/A
2015-12-11 2015-12-15 2015-12-31 Quarterly 0.24 0% N/A
2015-09-11 2015-09-15 2015-09-30 Quarterly 0.24 0% N/A
2015-06-11 2015-06-15 2015-06-30 Quarterly 0.24 0% N/A
2015-03-11 2015-03-13 2015-03-31 Quarterly 0.24 0% N/A
2014-12-10 2014-12-12 2014-12-31 Quarterly 0.24 0% N/A
2014-09-10 2014-09-12 2014-09-30 Quarterly 0.24 0% N/A
2014-06-11 2014-06-13 2014-06-30 Quarterly 0.24 9.1% N/A
2014-03-12 2014-03-14 2014-03-31 Quarterly 0.22 0% N/A
2013-12-11 2013-12-13 2013-12-31 Quarterly 0.22 0% N/A

DVN Dividend FAQ

Devon Energy Corporation (NYSE: DVN) is an independent U.S. oil and gas producer focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids across five major basins: the Delaware Basin (NM/TX), Eagle Ford, Anadarko, Williston, and Powder River. Founded in 1971 and headquartered in Oklahoma City, the company operates exclusively within the United States.

What is the Dividend Yield of DVN?

As of February 2026, DVN`s dividend yield is 2.74%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.96 USD by the current share price of 43.81.

Does DVN pay a dividend?

As of February 2026, DVN paid a dividend of 0.96 USD in the last 12 months. The last dividend was paid on 2025-12-15 and the payout was 0.24 USD.

How often does DVN pay dividends?

DVN pays dividends quarterly. Over the last 12 months, DVN has issued 4 dividend payments. The last dividend payment was made on 2025-12-15.

DVN dividend forecast

Based on historical data, the forecasted dividends per share for DVN for the next 4 payments are between 0.506 (+110.8%) and 0.527 (+119.6%).
This represents a strong dividend growth compared to the last payment.

Will DVN pay dividends in 2026?

The latest dividend paid per share was 0.24 USD with an Ex-Dividend Date of 2025-12-15. The next Ex-Dividend date for Devon Energy (DVN) is currently unknown.

What is the next Ex-Dividend Date for DVN?

The next Ex-Dividend date for Devon Energy (DVN) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of DVN?

DVN's average dividend growth rate over the past 5 years is -16.5% per year.
Negative growth: DVN's Dividend growth is negative and declining.

What is the Yield on Cost of DVN?

DVN's 5-Year Yield on Cost is 6.63%. If you bought DVN's shares at 14.47 USD five years ago, your current annual dividend income (0.96 USD per share, trailing 12 months) equals 6.63% of your original purchase price.

What is the Payout Consistency of DVN?

DVN Payout Consistency is 90.9%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: Devon Energy has a strong track record of consistent dividend payments over its lifetime.

Does DVN have a good Dividend Yield?

DVN`s 2.74% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of DVN?

The Dividend Payout Ratio of DVN is 31.1%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of DVN?

DVN`s Overall Dividend Rating is 15.59%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

DVN Outstanding Shares Analysis

What is the Trend in DVN's Outstanding Shares?

Devon Energy's outstanding shares have decreased by approximately 0.16% annually over the past 3 years (Trend Reliability: -33.3%).

Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has DVN ever had a Stock Split?

Yes, the last stock split was on Nov 16, 2004 with a ratio of 2:1.

This was a forward split: Each share became 2 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

Year Number of Shares Annual Growth Rate
1987 12,330,000
1988 17,168,000 +39.24%
1989 20,000,000 +16.5%
1990 17,306,000 -13.47%
1991 16,200,000 -6.39%
1992 40,000,000 +146.91%
1993 42,222,200 +5.56%
1994 44,285,700 +4.89%
1995 44,000,000 -0.65%
1996 44,000,000
1997 63,921,600 +45.28%
1998 64,669,300 +1.17%
1999 172,416,000 +166.61%
2000 258,060,000 +49.67%
2001 296,000,000 +14.7%
2002 314,000,000 +6.08%
2003 478,000,000 +52.23%
2004 480,000,000 +0.42%
2005 442,000,000 -7.92%
2006 444,000,000 +0.45%
2007 445,000,000 +0.23%
2008 444,000,000 -0.22%
2009 447,000,000 +0.68%
2010 423,000,000 -5.37%
2011 400,000,000 -5.44%
2012 405,000,000 +1.25%
2013 407,000,000 +0.49%
2014 409,000,000 +0.49%
2015 413,000,000 +0.98%
2016 527,000,000 +27.6%
2017 528,000,000 +0.19%
2018 462,000,000 -12.5%
2019 385,000,000 -16.67%
2020 383,000,000 -0.52%
2021 673,000,000 +75.72%
2022 655,000,000 -2.67%
2023 638,000,000 -2.6%
2024 623,000,000 -2.35%
2025 636,000,000 +2.09%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-03 04:21