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Stock impact report

Devon Energy Merger Plans Signal Higher Cash Returns And Key Tradeoffs [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Devon Energy (NYSE:DVN) plans a 31% increase in its quarterly dividend following its merger with Coterra Energy. The company is also considering a new share repurchase authorization of more than $5b. These capital return moves are tied to the combined company that would emerge after the planned merger closes. For investors watching energy income names, Devon Energy sits at a share price of $42.62, with the stock up 10.3% over the past 30 days and 12.5% year to date. Over the past year, shares are up 23.5%, while the 3 year return shows a 12.1% decline and the 5 year return stands at 143.4%. The planned dividend hike and potential $5b plus buyback program highlight how Devon may prioritize cash returns after combining with Coterra. If you follow NYSE:DVN, this is a moment to pay close attention to how the Show less Read more
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