Devon Energy (DVN) Dividend History & Yield
Devon Energy (DVN) has increased its dividend for multiple years and currently yields 1.98%. The most recent dividend was $0.2400/share on Mar 31, 2026, paid Quarterly.
DVN
Current Yield
1.98%
TTM Dividend/Share
$0.96
Payment Frequency
Quarterly
Payout Ratio
26.7%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
-33.79%
Div Growth (5Y CAGR)
7.14%
Div Growth (10Y CAGR)
0.00%
DVN: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.1%
FCF payout ratio
5.8%
Net debt / EBITDA
1.0x
Interest coverage
6.27x
ROIC (TTM)
11.0%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 26.7%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($4.97) covers dividend/share ($0.96).
No dividend cuts in 10+ years
9 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 5.8%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.1%) exceeds EPS growth (-13.2%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 15, 2026
- Payment date
- Jun 30, 2026
- Dividend
- $0.3200
- Adj. dividend
- $0.3200
Ex-date Mar 13, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Dec 15, 2025
- Payment date
- Dec 30, 2025
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Sep 15, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Jun 13, 2025
- Payment date
- Jun 30, 2025
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Mar 14, 2025
- Payment date
- Mar 31, 2025
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Dec 13, 2024
- Payment date
- Dec 30, 2024
- Dividend
- $0.2200
- Adj. dividend
- $0.2200
Ex-date Sep 13, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $0.4400
- Adj. dividend
- $0.4400
Ex-date Jun 14, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $0.3500
- Adj. dividend
- $0.3500
Ex-date Mar 14, 2024
- Payment date
- Mar 28, 2024
- Dividend
- $0.4400
- Adj. dividend
- $0.4400
Ex-date Dec 14, 2023
- Payment date
- Dec 29, 2023
- Dividend
- $0.7700
- Adj. dividend
- $0.7700
Ex-date Sep 14, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $0.4900
- Adj. dividend
- $0.4900
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 15, 2026 | Jun 30, 2026 | $0.3200 | $0.3200 |
| Mar 13, 2026 | Mar 31, 2026 | $0.2400 | $0.2400 |
| Dec 15, 2025 | Dec 30, 2025 | $0.2400 | $0.2400 |
| Sep 15, 2025 | Sep 30, 2025 | $0.2400 | $0.2400 |
| Jun 13, 2025 | Jun 30, 2025 | $0.2400 | $0.2400 |
| Mar 14, 2025 | Mar 31, 2025 | $0.2400 | $0.2400 |
| Dec 13, 2024 | Dec 30, 2024 | $0.2200 | $0.2200 |
| Sep 13, 2024 | Sep 30, 2024 | $0.4400 | $0.4400 |
| Jun 14, 2024 | Jun 28, 2024 | $0.3500 | $0.3500 |
| Mar 14, 2024 | Mar 28, 2024 | $0.4400 | $0.4400 |
| Dec 14, 2023 | Dec 29, 2023 | $0.7700 | $0.7700 |
| Sep 14, 2023 | Sep 29, 2023 | $0.4900 | $0.4900 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 18 year-over-year increases across 32 calendar years of data (1994–2025).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $0.9600 | — | — |
| 2025 | $1.4500 | $0.9600 | -33.8% |
| 2024 | $2.8700 | $1.4500 | -49.5% |
| 2023 | $5.1700 | $2.8700 | -44.5% |
| 2022 | $1.9700 | $5.1700 | +162.4% |
| 2021 | $0.6800 | $1.9700 | +189.7% |
| 2020 | $0.3500 | $0.6800 | +94.3% |
| 2019 | $0.3000 | $0.3500 | +16.7% |
| 2018 | $0.2400 | $0.3000 | +25.0% |
| 2017 | $0.4200 | $0.2400 | -42.9% |
| 2016 | $0.9600 | $0.4200 | -56.3% |
| 2015 | $0.9400 | $0.9600 | +2.1% |
| 2014 | $0.8600 | $0.9400 | +9.3% |
| 2013 | $0.7700 | $0.8600 | +11.7% |
| 2012 | $0.6700 | $0.7700 | +14.9% |
| 2011 | $0.6400 | $0.6700 | +4.7% |
| 2010 | $0.6400 | $0.6400 | 0.0% |
| 2009 | $0.6400 | $0.6400 | 0.0% |
| 2008 | $0.5600 | $0.6400 | +14.3% |
| 2007 | $0.4500 | $0.5600 | +24.4% |
| 2006 | $0.3000 | $0.4500 | +50.0% |
| 2005 | $0.2000 | $0.3000 | +50.0% |
| 2004 | $0.1000 | $0.2000 | +100.0% |
| 2003 | $0.1000 | $0.1000 | 0.0% |
| 2002 | $0.1250 | $0.1000 | -20.0% |
| 2001 | $0.1000 | $0.1250 | +25.0% |
| 2000 | $0.1000 | $0.1000 | 0.0% |
| 1999 | $0.1000 | $0.1000 | 0.0% |
| 1998 | $0.1000 | $0.1000 | 0.0% |
| 1997 | $0.0700 | $0.1000 | +42.9% |
| 1996 | $0.0600 | $0.0700 | +16.7% |
| 1995 | $0.0600 | $0.0600 | 0.0% |
| 1994 | — | $0.0600 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Devon Energy (DVN) from the consolidated cash flow statement, in USD as filed.
Latest period
$611.00M
YoY change
-33.9%
5Y CAGR
+19.2%
Peak year (2022)
$3.38B
Latest annual
$619.00M
Cash dividends paid over time for Devon Energy (DVN)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Devon Energy (DVN)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $619.00M | -33.9% | -$318.00M | ||
| 2024 | $937.00M | -49.6% | -$921.00M | ||
| 2023 | $1.86B | -45.0% | -$1.52B | ||
| 2022 | $3.38B | +157.0% | +$2.06B | ||
| 2021 | $1.31B | +411.7% | +$1.06B | ||
| 2020 | $257.00M | +83.6% | +$117.00M | ||
| 2019 | $140.00M | -6.0% | -$9.00M | ||
| 2018 | $149.00M | +17.3% | +$22.00M | ||
| 2017 | $127.00M | -42.5% | -$94.00M | ||
| 2016 | $221.00M | -44.2% | -$175.00M | ||
| 2015 | $396.00M | +2.6% | +$10.00M | ||
| 2014 | $386.00M | +10.9% | +$38.00M | ||
| 2013 | $348.00M | +7.4% | +$24.00M | ||
| 2012 | $324.00M | +16.5% | +$46.00M | ||
| 2011 | $278.00M | -1.1% | -$3.00M | ||
| 2010 | $281.00M | -1.1% | -$3.00M | ||
| 2009 | $284.00M | -1.7% | -$5.00M | ||
| 2008 | $289.00M | +16.1% | +$40.00M | ||
| 2007 | $249.00M | +25.1% | +$50.00M | ||
| 2006 | $199.00M | +46.3% | +$63.00M | ||
| 2005 | $136.00M | +40.2% | +$39.00M | ||
| 2004 | $97.00M | +98.0% | +$48.00M | ||
| 2003 | $49.00M | +19.5% | +$8.00M | ||
| 2002 | $41.00M | +17.1% | +$6.00M | ||
| 2001 | $35.00M | +9.5% | +$3.04M | ||
| 2000 | $31.95M | +99.7% | +$15.96M | ||
| 1999 | $16.00M | +119.2% | +$8.70M | ||
| 1998 | $7.30M | +14.1% | +$900,000 | ||
| 1997 | $6.40M | +28.0% | +$1.40M | ||
| 1996 | $5.00M | +92.3% | +$2.40M | ||
| 1995 | $2.60M | — | +$2.60M | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | -100.0% | -$1.70M | ||
| 1992 | $1.70M | -26.1% | -$600,000 | ||
| 1991 | $2.30M | 0.0% | $0 | ||
| 1990 | $2.30M | +187.5% | +$1.50M | ||
| 1989 | $800,000 | — | — |
The 2025 reading of Devon Energy (DVN) dividends paid is $619.00M – plunged 33.9% year-over-year.
Devon Energy dividends paid has recorded the values shown across consecutive periods, with a +19.2% compound annual growth rate over 2020–2025 (5 years).
Devon Energy dividends paid peaked at $3.38B in 2022; the latest annual figure is $619.00M in 2025 (81.7% below peak).
The highest annual dividends paid of $3.38B was reported in 2022. The lowest in the available history was $0 in 1993.
Within Energy, Devon Energy (DVN) ranks 9th among 8 peers we track. The peer median for dividends paid is $3.30B.
Devon Energy Dividends Paid 2025: $619.00M
Devon Energy dividends paid in 2025 was $619.00M, plunged 33.9% below 2024.
Devon Energy Dividends Paid 2024: $937.00M
Devon Energy dividends paid in 2024 was $937.00M, plunged 49.6% below 2023.
Devon Energy Dividends Paid 2023: $1.86B
Devon Energy dividends paid in 2023 was $1.86B, plunged 45.0% below 2022.
Devon Energy Dividends Paid 2022: $3.38B
Devon Energy dividends paid in 2022 was $3.38B, surged 157.0% from 2021. This figure represents the highest annual value in the available history.
Devon Energy Dividends Paid 2021: $1.31B
Devon Energy dividends paid in 2021 was $1.31B.
See more financial history for Devon Energy (DVN).
Sector peers by dividends paid
Companies in the same sector as Devon Energy, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $17.23B | Energy |
| Chevron (CVX) | $12.75B | Energy |
| Enbridge (ENB) | $11.27B | Energy |
| ConocoPhillips (COP) | $4.00B | Energy |
| Kinder Morgan (KMI) | $2.60B | Energy |
| Williams Companies (WMB) | $2.44B | Energy |
| EOG Resources (EOG) | $2.16B | Energy |
| SLB (SLB) | $1.60B | Energy |
Frequently asked questions
Does Devon Energy pay dividends?
Yes, Devon Energy (DVN) pays quarterly dividends of approximately $0.96 per share annually, yielding 1.98%.
What is Devon Energy's dividend yield?
Devon Energy (DVN) has a current dividend yield of 1.98%.
Is Devon Energy's dividend safe?
Devon Energy (DVN) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Devon Energy increased its dividend?
Devon Energy (DVN) has 0 consecutive years of dividend increases.
What is Devon Energy's dividend payout ratio?
Devon Energy (DVN) has a dividend payout ratio of 26.7%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Devon Energy's dividends paid?
Latest reported dividends paid for Devon Energy (DVN) is $611.00M (period ending March 31, 2026).
How has Devon Energy dividends paid changed year-over-year?
Devon Energy (DVN) dividends paid changed -33.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Devon Energy dividends paid?
Devon Energy (DVN) dividends paid compound annual growth rate is +19.2% over the most recent 5 years available.
When did Devon Energy dividends paid hit its highest annual value?
Devon Energy dividends paid reached its highest annual value of $3.38B in 2022.
What was Devon Energy dividends paid in 2024?
Devon Energy (DVN) dividends paid in 2024 was $937.00M.
What was Devon Energy dividends paid in 2025?
Devon Energy (DVN) dividends paid in 2025 was $619.00M.
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