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Barchart
Barchart
Mark R. Hake, CFA

Devon Energy Cut Its Dividend Giving DVN Stock an Attractive 5.77% Yield

DVN Devon Energy

Devon Energy (DVN) reported lower, but still positive free cash flow for Q1 on May 8. As a result, Devon Energy cut the variable portion of its dividend. This leaves DVN stock with a 5.77% dividend yield, making it popular with value investors.

Devon Energy said that oil production reached an all-time high of 320,000 barrels per day in the first quarter. 

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