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, June 12, 2013. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $55.41 as of 9:31 a.m. ET, the dividend yield is 1.5%.

The average volume for Devon Energy has been 3.4 million shares per day over the past 30 days. Devon Energy has a market cap of $23.08 billion and is part of the basic materials sector and energy industry. Shares are up 9.2% 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 (NGLs).

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TheStreet Ratings rates Devon Energy as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Devon Energy Ratings Report.

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