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Barchart
Aditya Raghunath

As Oil Prices Rise, Scoop Up This High-Yield Energy Dividend Stock Now

Devon Energy Oil DVN Devon

Shares of Devon Energy (DVN) have underperformed the broader markets year-to-date (YTD). So far in 2023, the S&P 500 Index ($SPX) has surged over 19%, while Devon Energy stock is down 14%. 

Even if we take a longer-term view, the energy stock has returned 31% to shareholders since August 2013, after adjusting for dividends. In this same period, the S&P 500 has generated cumulative gains of 224%. 

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