Devon Energy To Pay Third Quarter Cash Dividend for Common Stockholders

- Devon Energy To Pay Third Quarter Cash Dividend for Common Stockholders



Jun 8, 2011

Devon Energy (NYSE:DVN) today announced that its board of directors declared a quarterly cash dividend on Devon's common stock for the third quarter of 2011.

The dividend is payable on September 30, 2011 at a rate of $0.17 per share based on a record date of September 15, 2011.

Shares are up 0.56% to $81.18.

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Devon Energy Posts Mixed Q1 Results, EPS Slight Beat, Revenues Miss

Devon Energy Posts Mixed Q1 Results, EPS Slight Beat, Revenues Miss



May 4, 2011

Devon Energy Corporation (NYSE:DVN) reported Q1 EPS of $1.34 ex-items today, just beating the consensus estimate for $1.33 per share. Revenue for the quarter was down 33% year-over-year to $2.15 billion, below the consensus estimate for $2.24 billion.

Devon Energy has a potential upside of 17% based on a current price of $87.32 and an average consensus analyst price target of $102.17.

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