Devon Energy Corporation · DVN · NYSE
Dividend report · updated Nov 10, 2026
$43.42 +2.41% on the day, +$1.02
DVN stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is DVN’s dividend Very Safe or High Risk? 13 checks scored. Payout ratio, raise streak, recession record and 10 more. Show the rating
Yearly payout / yield
$1.28·2.95%
$0.32 quarterly x 4 ⓘ
Next payment
~$0.32/qtr
pays ~Dec 18 (est.) ⓘ
Next ex-date
Dec 15est.
own by Dec 14 ⓘ
Years without a cut
2 yrs
raised last year ⓘ
Recession record
2000raised2008raised2020raised2022varied
payout varied, never cut
Yield vs history ⓘ
75
Above its usual yield
DVN share price & total return
Daily closing price, adjusted for stock splits.
DVN stock page »All dividend lists »Build a portfolio around DVN »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
DVN Dividend Growth (CAGR)
1Y +33.3%3Y -13.2%5Y -8.2%10Y +18.2%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 135 payments since 1993.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is expected (1 estimated from the current $0.32 rate), not a promise. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: -23.01% a year, its typical yearly change over the last 5 years. 1 one-off jump of 2x or more is left out. Today's $1.28 a year would be $0.49 by 2031 - 1.14% on today's $43.42 price.

How Many DVN Shares for $500 or $1,000 a Month?

At $1.28 a share a year, $500 a month takes about 4,688 DVN shares, about $203,553 at the Nov 10, 2026 close of $43.42. $1,000 a month takes about 9,375 shares, about $407,063. Before taxes, and only while the rate holds.

Devon Energy (DVN) pays $0.32 a share quarterly, $1.28 a year, a 2.95% run-rate yield at the Nov 10, 2026 close of $43.42. It has paid since 1993 and raised its annual dividend 1 years in a row.

At today’s rate of $0.32 quarterly and the last close of $43.42, this is what DVN pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.32$0.11$1.28
100 shares$32.00$10.67$128.00
$10,000 invested (230.3 shares)$73.70$24.57$294.80
4,688 shares ($500/mo)$1,500.16$500.05$6,000.64
9,375 shares ($1,000/mo)$3,000.00$1,000.00$12,000.00

With DRIP on, every payment buys more shares instead of landing as cash. 100 DVN shares reinvest into 0.74 new shares each payment, about 3.0 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 136 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with DVN’s own history in the DVN DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See DVN’s rating and its 13 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (FCF): is spare cash enough to pay the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Liquidity: is there cash for debts due this year rating
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history
  • Crash record: what the dividend did in the 2008 crash history

DVN Dividend Yield Today vs Its 5-Year Range

75/100Above its usual yieldvs its 2-yr history
  • DVN yields 2.95% today, at the Nov 10, 2026 close of $43.42.
  • Its own 2-year median is 2.44%, so today’s yield is above its usual level.
  • No steady norm: a cut in 2023 skews its yield history. So this reads today’s yield against its own 2-year history as it is.
Since Jan 2024: lowest to highest month-end yield
1.10% low3.17% high
Blue mark = today, grey = its 2-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 2 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is DVN’s Next Dividend? Ex-Date and Pay Date After September 2026

DVN has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 15, 2026, with the cash around Dec 18, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.32 a share, went ex on Sep 15, 2026 and paid Sep 17, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 3 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does DVN Pay?

DVN pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.

Paid in the last 12 months
$1.12 a share, in 4 payments.
+19.1% against the 12 months before ($0.94 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Mar, Jun, Sep and Dec. Ex-dates fall in Mar, Jun, Sep and Dec (latest 4 payments).
Raise history
  • Streak: 1 year of higher annual totals (through 2025)
  • Last raise: Jun 15, 2026 - $0.24 to $0.32 (+$0.08, +33.33%)
  • Usual $ step: $0.02 (median of the raises before it)
Coverage
  • EPS payout: 28.0% - $1.12 paid / $4.00 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 24.8% (median of 12 earlier trailing years)
  • FCF payout: 37.5% - $1.12 paid / $2.99 free cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 113.2% (median of 12 earlier trailing years)

DVN vs Similar Dividend Stocks (FANG, BKR...)

Against the 10 dividend-paying Energy companies closest to DVN in market value, DVN’s 2.95% run-rate yield is above the group’s middle yield of 2.38%, and its raise streak of 1 year is the 10th longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating Recessions ⓘ No cut ⓘ
DVN $43.42Devon Energy $0.32/qtr$1.28/yr fwd 2.95% Dividend Safety Rating: paid plans only Varied, no cut2000 raised2008 raised2020 raised2022 varied 2 yrsraised 1 yr in a row
FANG $178.15Diamondback Energy $1.10/qtr$4.40/yr fwd 2.47% Dividend Safety Rating: paid plans only Raised in both2020 raised2022 raisedno 2000/2008 record 7+ yrsno raise streak
BKR $48.44Baker Hughes $0.23/qtr$0.92/yr fwd 1.90% Dividend Safety Rating: paid plans only No cut in all 42000 held2008 raised2020 held2022 raised 37+ yrsraised 4 yrs in a row
CVE $27.59Cenovus Energy $0.158/qtr$0.63/yr fwd 2.29% Dividend Safety Rating: paid plans only — 5 yrsraised 4 yrs in a row
DELKY $26.66Delek Group $0.4616/qtr$1.85/yr fwd 6.93% Dividend Safety Rating: paid plans only — 3+ yrsraised 2 yrs in a row
EBGEF $24.96Enbridge $0.418/qtr$1.67/yr fwd 6.70% Dividend Safety Rating: paid plans only — 2+ yrsraised 2 yrs in a row
OKE $85.98ONEOK $1.07/qtr$4.28/yr fwd 4.98% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 raised2020 held2022 raised 37 yrsraised 3 yrs in a row
OXY $55.78Occidental Petroleum $0.28/qtr$1.12/yr fwd 2.01% Dividend Safety Rating: paid plans only Cut in 20202000 raised2008 raised2020 cut2022 raised 5 yrsraised 4 yrs in a row
MPLX $56.80MPLX Lp $1.211/qtr$4.84/yr fwd 8.53% Dividend Safety Rating: paid plans only No cut in both2020 held2022 raisedno 2000/2008 record 12+ yrsraised 3 yrs in a row
LNG $284.95Cheniere Energy $0.555/qtr$2.22/yr fwd 0.78% Dividend Safety Rating: paid plans only — 3+ yrsraised 3 yrs in a row
TRGP $273.65Targa Resources $1.25/qtr$5.00/yr fwd 1.83% Dividend Safety Rating: paid plans only Cut in 20202020 cut2022 raisedno 2000/2008 record 5 yrsraised 4 yrs in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: DVN vs FANG, DVN vs BKR, DVN vs CVE.

DVN Dividend History: Every Payment Since 1993

Ex-datePay dateAmountFrequencyType
Sep 15, 2026Sep 17, 2026$0.32QuarterlyRegular
Jun 15, 2026Jun 17, 2026$0.32QuarterlyRegular
Mar 13, 2026Mar 16, 2026$0.24QuarterlyRegular
Dec 15, 2025Dec 17, 2025$0.24QuarterlyRegular
Sep 15, 2025Sep 17, 2025$0.24QuarterlyRegular
Jun 13, 2025Jun 16, 2025$0.24QuarterlyRegular
Mar 14, 2025Mar 17, 2025$0.24QuarterlyRegular
Dec 13, 2024Dec 16, 2024$0.22QuarterlyRegular
Sep 13, 2024Sep 16, 2024$0.22QuarterlyRegular
Jun 14, 2024Jun 17, 2024$0.13QuarterlyRegular
The other 125 DVN payments come with a paid plan.
Show all 135 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for DVN

UnlockDividend Safety Rating: paid plans only
See where DVN lands, and why.
See the rating & factors »
Own DVN? Your payouts fill in by themselves Add DVN once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track DVN →

DVN Dividend Questions

How often does DVN pay dividends?

DVN pays quarterly, 4 times a year. Recent payments arrived in Mar, Jun, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.

Does DVN pay dividends monthly?

No. DVN pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next DVN dividend?

DVN has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 15, 2026, with the cash around Dec 18, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.32 a share, went ex on Sep 15, 2026 and paid Sep 17, 2026. The current rate is $0.32 per share, $1.28 a year.

Does DVN pay a dividend in December 2026?

Not declared yet. By its usual rhythm the next ex-date falls around Dec 15, 2026, with the cash around Dec 18, 2026, so a payment in December 2026 is likely. Only the company’s declaration makes it final.

How much does DVN pay per share?

DVN pays $0.32 a share quarterly, $1.28 a year. At the Nov 10, 2026 close of $43.42 that is a 2.95% run-rate yield, above its usual level: its own 2-year median is 2.44%.

Has DVN raised its dividend?

Yes. DVN has raised its annual dividend 1 years in a row, through 2025. The latest raise, on Jun 15, 2026, took the rate from $0.24 to $0.32 (+33.33%). Over five years the dividend grew -8.2% a year.

Is DVN’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. DVN paid out 28% of its earnings and 37% of its free cash flow as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 1 years in a row and gone 2 years without a cut. Through the market crashes: it raised the dividend through the 2000, 2008 and 2020 crashes; it varied without a cut through 2022. This is data, not investment advice. The full 13-check rating comes with a plan.

How do I track my DVN dividends?

Add DVN to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run DVN in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 10, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 13 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.