Devon Energy Stock To Go Ex-dividend Tomorrow (DVN)

NEW YORK ( TheStreet) -- The ex-dividend date for Devon Energy (NYSE: DVN) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $71.60 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Devon Energy has been 3.3 million shares per day over the past 30 days. Devon Energy has a market cap of $25.92 billion and is part of the basic materials sector and energy industry. Shares are up 15.8% year to date as of the close of trading on Friday.

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 14.1, above the average energy industry P/E ratio of 5.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Devon Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Devon Energy Ratings Report.

See our dividend calendar or top-yielding stocks list.

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