Devon Energy (DVN) stock has performed well with its present 3.88% dividend yield. Oil and gas prices have risen implying cash flow could be higher. Its fixed and variable dividend could be stable here.
Devon now pays a 20-cent quarter fixed dividend and a 29-cent variable dividend based on 50% of the quarterly adjusted free cash flow (FCF) after prior dividend payments. That puts the annualized dividend payment at $1.96 per share.
