DVN · News · 20260805N
Capital Return Program
DEVON ENERGY CORP/DE · 2026-08-05 · Importance 60 · Surprise 74 · No source text
Devon increased its fixed quarterly dividend by 33% to $0.32 per share. The dividend is payable September 30, 2026, to shareholders of record on September 15, 2026. Devon also accelerated share repurchases under an $8 billion buyback program. More than $1 billion was returned to shareholders in the second quarter through dividends, repurchases and debt retirement.
Key facts
- Devon announced an $8 billion buyback program (Seeking Alpha). source
- MarketBeat reported Devon declared a quarterly dividend of $0.32 per share, payable on September 30th to shareholders of record on September 15th, representing an annualized yield of approximately 2.9%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | Devon announced an $8 billion buyback program (Seeking Alpha). |