GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (NYSE:DVN) » Definitions » 3-Year Dividend Growth Rate

DVN (Devon Energy) 3-Year Dividend Growth Rate : 89.80% (As of Jun. 2024)


View and export this data going back to 1988. Start your Free Trial

What is Devon Energy 3-Year Dividend Growth Rate?

Devon Energy's Dividends per Share for the three months ended in Jun. 2024 was $0.35.

The historical rank and industry rank for Devon Energy's 3-Year Dividend Growth Rate or its related term are showing as below:

DVN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -36.6   Med: 12.5   Max: 145.4
Current: 89.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Devon Energy was 145.40% per year. The lowest was -36.60% per year. And the median was 12.50% per year.

DVN's 3-Year Dividend Growth Rate is ranked better than
92.03% of 301 companies
in the Oil & Gas industry
Industry Median: 15.2 vs DVN: 89.80

During the past 12 months, Devon Energy's average Dividends Per Share Growth Rate was -54.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 89.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 81.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 15.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Devon Energy's Dividend Payout Ratio for the three months ended in Jun. 2024 was 0.25. As of today, Devon Energy's Dividend Yield % is 5.17%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Devon Energy's 3-Year Dividend Growth Rate

For the Oil & Gas E&P subindustry, Devon Energy's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Devon Energy's 3-Year Dividend Growth Rate Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Devon Energy's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Devon Energy's 3-Year Dividend Growth Rate falls into.



Devon Energy 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Devon Energy  (NYSE:DVN) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Devon Energy's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2024 )/ EPS without NRI (Q: Jun. 2024 )
=0.35/ 1.41
=0.25

During the past 13 years, the highest Dividend Payout Ratio of Devon Energy was 3.69. The lowest was 0.19. And the median was 0.54.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Devon Energy Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4400002024-09-132024-09-132024-09-30Cash DividendquarterlyUSD:USD 1.000000
USD 0.3500002024-06-142024-06-142024-06-28Cash DividendquarterlyUSD:USD 1.000000
USD 0.4400002024-03-142024-03-152024-03-28Cash DividendquarterlyUSD:USD 1.000000
USD 0.7700002023-12-142023-12-152023-12-29Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Devon Energy's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2/38.68
=5.17 %

Current Share Price is $38.68.
Devon Energy's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.

During the past 13 years, the highest Dividend Yield of Devon Energy was 11.20%. The lowest was 0.54%. And the median was 2.38%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Devon Energy 3-Year Dividend Growth Rate Related Terms>


Devon Energy Business Description

Industry
Address
333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
Executives
Tana K Cashion officer: SVP Human Resources and Admin 333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Richard E Muncrief director, officer: President and CEO 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Dennis C Cameron officer: EVP and General Counsel DEVON ENERGY, 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Clay M Gaspar officer: EVP and COO 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
John E Bethancourt director 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Michael N Mears director ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Gennifer F. Kelly director 1702 COMMERCE WAY, BRENTWOOD TN 37027
Valerie Williams director C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Ann G Fox director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Kelt Kindick director DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102
Jeffrey L Ritenour officer: EVP & CHIEF FINANCIAL OFFICER 333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Jeremy D. Humphers officer: SVP Chief Accounting Officer 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK 73102-5015
Felix Investments Holdings Ii, Llc director, 10 percent owner 1530 16TH STREET, SUITE 500, DENVER CO 80202
Encap Energy Capital Fund X, L.p. director, 10 percent owner 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Karl F Kurz director DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102