Jun. 11 at 11:11 AM
$DVN Devon Energy (DVN) Guns for 70% Shareholder Return, up 5.7%!!
In a notice on its website, Devon Energy Corp. (NYSE:DVN) said that it is planning to return 70 percent of its free cash flow to investors through a combination of dividends and share repurchase activities.
The company earlier announced to distribute
$0.32 in dividends per share to all shareholders on record as of June 15, 2026. The figure marked a 33 percent increase from the
$0.24 previously. Payments will be made on June 30, 2026.
$8 billion authorized share repurchase program, as it aims to boost shareholder and company value to align with what it believes to be its intrinsic value.