Devon Energy Corporation
DVNEnergy · Stock · quarterly payer
Forward Yield
2.37%
Annual Dividend
$1.04
Payout Ratio
27%
5-Yr Growth
18.0%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Devon Energy Corporation (DVN) yields 2.37% ($1.04 per share annually), with a blended fair-value estimate of $85.67 — +95% upside, so it screens as undervalued. Dividend safety grade: C (61/100).
Is DVN a good dividend stock?
Yes, with caveatsDevon Energy Corporation (DVN) pays a quarterly dividend yielding 2.37% ($1.04/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (27%)
- Strong 18.0% 5-yr dividend growth
- 48% total price return over 5 years
Risks
- Cut its dividend in 2025
Key Data
- Dividend Yield
- 2.37%
- Payout Ratio
- 27%
- Annual Dividend
- $1.04
- 5-Yr Avg Growth
- 18.0%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.43
- Market Cap
- $50.5B
- P/E Ratio
- 12.2
- 5-Yr Total Return
- 48%
- 52-Week Range
- $31.47 – $52.71
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
DVN Price — Last 12 Months
Daily close
Price Return
1 Year
+21%
3 Years
-14%
5 Years
+48%
52-Week Range
$31.47 – $52.71
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DVN worth?
Undervaluedlow confidenceOur blended fair-value estimate for Devon Energy Corporation is $85.67 per share, versus a market price of $43.83. That implies 95% of upside — a margin of safety of about 49%.
Fair Value
$85.67
Current Price
$43.83
Upside
+95%
Margin of Safety
49%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -0.8% annual free-cash-flow growth. We model 15.8% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 15.8% stage-1 growth, 2.5% terminal growth, $3.59 EPS, $1.04 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DVN Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.3200 | regular |
| Mar 13, 2026 | — | $0.2400 | regular |
| Dec 15, 2025 | — | $0.2400 | regular |
| Sep 15, 2025 | — | $0.2400 | regular |
| Jun 13, 2025 | — | $0.2400 | regular |
| Mar 14, 2025 | — | $0.2400 | regular |
| Dec 13, 2024 | — | $0.2200 | regular |
| Sep 13, 2024 | — | $0.4400 | regular |
| Jun 14, 2024 | — | $0.3500 | regular |
| Mar 14, 2024 | — | $0.4400 | regular |
| Dec 14, 2023 | — | $0.7700 | regular |
| Sep 14, 2023 | — | $0.4900 | regular |
| Jun 14, 2023 | — | $0.7200 | regular |
| Mar 14, 2023 | — | $0.8900 | regular |
Income Calculator
At $1.04 / yr per share
