Devon Energy Corporation (NYSE:DVN) today announced that its board of directors declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2014. The dividend is payable on March 31, 2014 at a rate of $0.22 per share based on a record date of March 14, 2014.
Devon has paid quarterly dividends continuously since 1993 and has increased its dividend at an average annual rate of 24% since 2004. The current annual rate is $0.88 per share.
Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For more information about Devon, please visit our website at