Devon Energy Stock To Go Ex-dividend Tomorrow (DVN)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK (TheStreet) -- The ex-dividend date for Devon Energy (NYSE:DVN) is tomorrow, September 12, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $59.55 as of 9:30 a.m. ET, the dividend yield is 1.3%. The average volume for Devon Energy has been 3.5 million shares per day over the past 30 days. Devon Energy has a market cap of $23.62 billion and is part of the basic materials sector and energy industry. Shares are down 4.3% year to date as of the close of trading on Monday. Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids. The company has a P/E ratio of 10, above the average energy industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7.
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