Devon Energy Corporation (DVN) Dividends
Dividend Yield and Dividend History Highlights
- Over the past 5.76 years, DVN has averaged an annual trailing twelve month dividend growth rate of 1,149,059%.
- DVN's compound annual growth rate of its cash flow over the past 5.76 years is -0.42% -- which is higher than about just 1.3% stocks we're looking at.
- DVN's free cash flow has been growing at a compound average annual rate of 1,204,194% over the past 5.76 years -- higher than 99.67% of current US-listed dividend stocks.
- As for stocks whose price is uncorrelated with DVN's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: SLGN, EE, ABC, FIZZ and NGVC.
DVN Price Forecast Based on Dividend Discount Model
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For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. In the case of DVN, the dividend discount model StockNews created for the company implies a negative return of 53.05%. Digging deeper, the aspects of Devon Energy Corp's dividend discount model that we found most interesting were:
- With a market cap of roughly $4 billion, DVN is in the large-sized market cap class; here, it has a lower equity discount rate than 6.24% of stocks.
- Beta tells us how volatile a stock's price is relative to the broader equity index; for Devon Energy Corp, its beta is lower than 4.26% of dividend issuing stocks we observed.
- Based on dividend growth rate, Devon Energy Corp has been increasing its dividends at a faster rate than merely 0.88% of US-listed dividend-issuing stocks we observed.
DVN Dividend Chart
DVN Dividend History
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