Devon Energy Corporation ( DVN ) will begin trading ex-dividend on September 10, 2014. A cash dividend payment of $0.24 per share is scheduled to be paid on September 30, 2014. Shareholders who purchased DVN stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 9.09% increase over the same period a year ago. At the current stock price of $71.22, the dividend yield is 1.35%.
The previous trading day's last sale of DVN was $71.22, representing a -11.67% decrease from the 52 week high of $80.63 and a 24.51% increase over the 52 week low of $57.20.
DVN is a part of the Energy sector, which includes companies such as PetroChina Company Limited ( PTR ) and TotalFinaElf, S.A. ( TOT ). DVN's current earnings per share, an indicator of a company's profitability, is $3.99. Zacks Investment Research reports DVN's forecasted earnings growth in 2014 as 33.04%, compared to an industry average of 9.6%.
Interested in gaining exposure to DVN through an Exchange Traded Fund [ETF]?
The following ETF(s) have DVN as a top-10 holding:
- Market Vectors Unconventional Oil & Gas ETF ( FRAK )
- iShares U.S. Oil & Gas Exploration & Production ETF ( IEO )
- Direxion Daily Natural Gas Related Bull 3X Shares ( GASL ).
The top-performing ETF of this group is IEO with an increase of 5.05% over the last 100 days. FRAK has the highest percent weighting of DVN at 5.25%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.