Variable Dividends Are a Growing Trend in Resources and Energy. Here's Who Doing It—and Why. [MarketWatch]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: MarketWatch
But that cash-generation power may fluctuate, so many companies in the energy and resources sectors have been turning to variable dividend payments. Here's how it works: Companies pay a relatively low base dividend that they believe they can maintain throughout an economic cycle, plus a variable dividend based on their earnings that often involves a formula. This differs from special dividends, which are one-off events sometimes related to the sale of a business. Variable dividends are playing well with investors. They have put a premium valuation on Devon Energy (ticker: DVN) and Pioneer Natural Resources (PXD), both early adopters of the variable strategy that now boast yields of around 7% between their base and variable dividends. ConocoPhillips (COP) is another practitioner, although its combined yield is lower, at 3%. Diamondback Energy (FANG), a large exploration and production company, plans to roll out the structure in 2022. Energy variable dividends should be headed h
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News
- Devon Energy (DVN) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Devon Energy (DVN) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
- 2 Wall Street Analysts Thinks Devon Energy Stock Is Going to $60. Is It a Buy Around $52? [Yahoo! Finance]Yahoo! Finance
- Devon Energy Stock Has 25.4% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- Devon Energy Co. (NYSE: DVN) had its price target raised by analysts at Stifel Nicolaus from $65.00 to $66.00. They now have a "buy" rating on the stock.MarketBeat
DVN
Earnings
- 2/27/24 - Beat
DVN
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- DVN's page on the SEC website