Devon Energy's 3.8% Dividend Yield Attracts Traders Along with Short Put Income Plays

Devon Energy (DVN) stock is attractive given its 3.8% dividend yield, especially as the adjustable dividend looks secure here. Also, short sellers of its out-of-the-money puts are making additional income. One reason is that DVN stock has been stable over the past month. 

For example, at $51.38 per share in morning trading on Sept. 12, DVN stock is up from $48.84 on Aug. 24, almost three weeks ago. We wrote about this in our Aug. 25 Barchart article, “Devon Energy Stock Remains Attractive with its 3.88% Dividend Yield.”