The Motley Fool has positions in and recommends Brookfield Renewable Corporation Inc. The company currently operates hydroelectric, wind, solar, and distributed energy facilities that generate around 23 gigawatts of power for roughly 30 markets in 20 countries. It has a near-term development capacity of an additional 11.8 gigawatts, with much larger long-term development capacity.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The future for Brookfield Renewable is getting even brighter thanks to key acquisitions. In September, the company announced its acquisition of Scout Clean Energy for $1 billion.
For context, the second largest shareholder holds about 8.1% of the shares outstanding, followed by an ownership of 6.5% by the third-largest shareholder. Devon Energy Corporation, an S&P 100 constituent, is an independent oil and gas exploration and production company, mainly focused on the U.S. and Canada (about 88% of production). They also own many of the natural gas pipelines and treatment facilities in their production areas.
The organization recently announced it would continue its 1 million BPD cuts enacted in July through the end of the year. Devon Energy Corporation’s last ex-dividend date, which is the date by which investors must own the stock to receive the dividend, was Jun 15, 2023. All website design, text, graphics, the selection and arrangement thereof, and all software are copyright by Devon Energy Corporation. Devon Energy has a dividend yield of 4.36% and paid $2.24 per share in the past year.
Our most recent data indicates that insiders own less than 1% of Devon Energy Corporation. Being so large, we would not expect insiders to own a large proportion of the stock. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling. Let’s take a closer look to see what the different types of shareholders can tell us about Devon Energy. The last reported dividend for Devon Energy (DVN) was $0.52 and was paid out next on June 30, 2023. Add Devon Energy Corp. to receive free notifications when they declare their dividends.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Needless to say, the recent loss which further adds to the one-year loss to shareholders of 25% might not go down well especially with this category of shareholders. Also referred to as “smart money”, institutions have a lot of sway over how a stock’s price moves. Hence, if weakness in Devon Energy’s share price continues, institutional investors may feel compelled to sell the stock, which might not be ideal for individual investors. Yes, Devon Energy Corporation (DVN) pays dividends to its shareholders. Devon Energy Corporation’s last dividend payout was on Jun 30, 2023, with shareholders receiving $ 0.72 per DVN share.
The company’s fixed-plus-variable dividend is payable on Sep. 30, 2022 to shareholders of record at the close of business on Sep. 12, 2022. Assuming the OPEC+ plan to reduce oil output goes as planned, and oil prices rise, Devon Energy should directly benefit. It’s not necessarily good news for U.S. consumers, but I’m sure Devon Energy and its shareholders will appreciate what it can do for the company’s earnings and dividends. The past 12 months haven’t been good for Devon Energy’s stock, however, which is down over 22%, compared to the S&P 500 energy sector’s 15% gains during that span.
Even as the world looks to transition away from oil, reliance on this traditional energy source hasn’t gone away. And companies like Devon Energy (DVN 1.20%) are still hard at work looking for more. The Oklahoma-based business focuses on oil and natural gas exploration in the U.S. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Perhaps the most important thing to know about AbbVie (ABBV 0.15%) is that it’s a Dividend King. This distinction applies only to S&P 500 members that have increased their dividends annually for at least 50 consecutive years.
Devon Energy is a dividend paying company with a current yield of 6.56% that is well covered by earnings. Next payment date is on 29th September, 2023 with an ex-dividend date of 14th September, 2023. Build conviction from in-depth coverage of the best dividend stocks. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. We would expect most companies to have some institutions on the register, especially if they are growing.
The last dividend paid out to investors was $0.52 on June 30, 2023. The next Devon Energy Corp. dividend will go ex tomorrow for 20c and will be paid in 16 days. The previous Devon Energy Corp. dividend was 52c and it went ex 3 months ago and it was paid 3 months ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 4.0. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon Energy Corporation pays a quarterly dividend of $ 0.72 per share, with an annual dividend of $ 5.17 per share. The dividend yield, which is the ratio of the dividend to the stock price, is around 1.47% as of last payment date .
Sometimes the information about the future might be not yet available since the dividends have not been declared or approved. In this case, we will share a forecast — but only if we have such data (you can also check this information in the DivPort section). In the right part, you can calculate how much you would earn in dividends if you had a certain number of shares. And so it follows that institutional investors was the group most impacted after the company’s market cap fell to US$33b last week after a 4.0% drop in the share price.
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The dividend schedule below includes dividend amounts, payment dates and ex-dividend dates for Devon Energy. Devon Energy issues dividends to shareholders from excess cash the company generates. Most companies pay dividends on a quarterly basis, but dividends may also be paid monthly, annually or at irregular intervals. This suggests some credibility amongst professional investors. But we can’t rely on that fact alone since institutions make bad investments sometimes, just like everyone does.
Devon’s long-term objective is to pay a regular quarterly dividend in support of its primary objective to maximize returns to shareholders. Devon began paying regular quarterly cash dividends on its common stock on June 30, 1993. The company expects to continue paying regular quarterly cash dividends for the foreseeable future. Dividends on common stock, as declared by the Board of Directors, are typically paid on or near the last day of March, June, September and December.
Devon produces over 2 billion cubic feet of natural gas each day, about 3 percent of all the gas consumed in North America; natural gas being about 60% of the company’s production mix. Even though Devon has delivered a huge gain this year, the stock is arguably wildly undervalued. Its shares currently trade at only 7.7 times the estimated 2022 free cash flow.
Devon Energy’s most recent quarterly dividend payment of $0.72 per share was made to shareholders on Friday, June 30, 2023. Devon Energy’s next quarterly dividend payment of $0.49 per share will be made to shareholders on Friday, September 29, 2023. There is no information presently available about Devon Energy Corporation’s next dividend payment date. This could indicate that the dividend announcement is pending or that Devon Energy Corporation does not distribute dividends to its shareholders.
Devon also continues to use its growing fortunes to reward shareholders in other ways. For one thing, the market has already largely baked Humira’s loss of exclusivity into AbbVie’s share price. Also, the company’s two successors to Humira (Rinvoq elliott wave forex and Skyrizi) are beating sales expectations. Management believes these two autoimmune-disease drugs will top Humira’s peak annual sales within a few years. The big pharma stock has handily outperformed the broader market so far this year as well.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Keith Speights has positions in AbbVie, Brookfield Renewable Corporation Inc., Brookfield Renewable Partners L.P., and Devon Energy.
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Devon Energy Corporation’s latest ex-dividend date was on September 14, 2023. The DVN stock shareholders received the last dividend payment of $0.29 per share on September 29, 2023. High oil prices did wonders for Devon Energy’s financials in 2022, so this year’s dividend amounts are noticeably lower.
AbbVie’s streak of dividend hikes now stands at 51 years in a row after the company’s latest dividend increase was announced last week. Devon Energy’s free cash flow has usually followed the trends of the two global oil benchmarks, Brent Crude and West Texas Intermediate (WTI). This correlation suggests that rises in these benchmarks, sparked by OPEC+’s production cuts, could have a positive impact on Devon Energy’s financials. OPEC+ has been reducing its oil output to increase oil prices in the past couple of years. In 2022, OPEC+ decided to cut 2 million barrels per day (BPD), and in April 2023, it agreed to cut 1.66 million BPD.