Dividend Payout Ratio: 28.98%
Is the dividend payout ratio high or low?
The dividend payout ratio of 28.98% is 61% below its 5-year average of 73.36%, near the low end of its 5-year range (21.02%–710.54%).
As of Monday, June 29, 2026. 21.84% above its 12-month average of 23.78%.
Dividend Payout Ratio (28.98%) = TTM Dividends/Share ($1.04) / TTM EPS ($3.59)
Dividend Payout Ratio (TTM)
DVN Dividend Payout Ratio (TTM) Chart
28.98%
+11.83% 1Y
DVN Dividend Payout Ratio
DVN Average Dividend Payout Ratio Chart
DVN Dividend Payout Ratio
DVN Current vs Average Dividend Payout Ratio Chart
DVN Dividend Payout Ratio Metrics
DIVIDEND PAYOUT RATIO
28.98%
DIVIDEND PAYOUT RATIO AVG TTM
23.78%
DIVIDEND PAYOUT RATIO AVG 3Y
34.79%
DIVIDEND PAYOUT RATIO AVG 5Y
41.99%
DIVIDEND PAYOUT RATIO AVG 10Y
31.01%
DIVIDEND PAYOUT RATIO AVG 15Y
27.10%
DIVIDEND PAYOUT RATIO AVG 20Y
21.44%
CURRENT VS TTM AVG
+21.84%
CURRENT VS 3Y AVG
-16.72%
CURRENT VS 5Y AVG
-31.00%
CURRENT VS 10Y AVG
-6.58%
CURRENT VS 15Y AVG
+6.93%
CURRENT VS 20Y AVG
+35.13%
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $4.21 | $0.96 | 22.8% |
| 2024 | $4.57 | $1.45 | 31.7% |
| 2023 | $5.86 | $2.87 | 49.0% |
| 2022 | $9.15 | $5.17 | 56.5% |
| 2021 | $4.20 | $1.97 | 46.9% |
| 2020 | ($7.12) | $0.68 | N/A (Loss) |
| 2019 | ($0.20) | $0.35 | N/A (Loss) |
| 2018 | $6.14 | $0.30 | 4.9% |
| 2017 | $1.71 | $0.24 | 14.0% |
| 2016 | ($6.51) | $0.42 | N/A (Loss) |
| 2015 | ($35.51) | $0.96 | N/A (Loss) |
| 2014 | $3.93 | $0.94 | 23.9% |
| 2013 | ($0.05) | $0.86 | N/A (Loss) |
| 2012 | ($0.51) | $0.77 | N/A (Loss) |
| 2011 | $11.29 | $0.67 | 5.9% |
| 2010 | $10.35 | $0.64 | 6.2% |
| 2009 | ($5.58) | $0.64 | N/A (Loss) |
| 2008 | ($4.89) | $0.64 | N/A (Loss) |
| 2007 | $8.08 | $0.56 | 6.9% |
| 2006 | $6.42 | $0.45 | 7.0% |
| 2005 | $6.38 | $0.30 | 4.7% |
| 2004 | $4.51 | $0.20 | 4.4% |
| 2003 | $4.16 | $0.10 | 2.4% |
| 2002 | $0.31 | $0.10 | 32.3% |
| 2001 | $0.37 | $0.13 | 33.8% |
| 2000 | $2.83 | $0.10 | 3.5% |
| 1999 | ($0.84) | $0.10 | N/A (Loss) |
| 1998 | ($0.93) | $0.10 | N/A (Loss) |
| 1997 | ($3.19) | $0.10 | N/A (Loss) |
| 1996 | $1.03 | $0.07 | 6.8% |
Dividend Payout Ratio Formula & Definition
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Dividend Payout Ratio FAQ
- What is the dividend payout ratio for Devon Energy Corporation (DVN)?
- The dividend payout ratio for DVN stock is 28.98%.
- Is Devon Energy Corporation's dividend payout ratio high or low?
- The dividend payout ratio of 28.98% is 61% below its 5-year average of 73.36%, near the low end of its 5-year range (21.02%–710.54%).
- What is the TTM average dividend payout ratio for Devon Energy Corporation (DVN)?
- The TTM average dividend payout ratio for DVN stock is 23.78%.
- What is the 3Y average dividend payout ratio for Devon Energy Corporation (DVN)?
- The 3Y average dividend payout ratio for DVN stock is 34.79%.
- What is the 5Y average dividend payout ratio for Devon Energy Corporation (DVN)?
- The 5Y average dividend payout ratio for DVN stock is 41.99%.
- What is the 10Y average dividend payout ratio for Devon Energy Corporation (DVN)?
- The 10Y average dividend payout ratio for DVN stock is 31.01%.
- What is the 15Y average dividend payout ratio for Devon Energy Corporation (DVN)?
- The 15Y average dividend payout ratio for DVN stock is 27.10%.
- What is the 20Y average dividend payout ratio for Devon Energy Corporation (DVN)?
- The 20Y average dividend payout ratio for DVN stock is 21.44%.
DVN Dividend Payout Ratio History
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-06-26 | 28.98% |
| 2026-06-24 | 28.98% |
| 2026-06-22 | 28.97% |
| 2026-06-17 | 28.97% |
| 2026-06-15 | 28.98% |
| 2026-06-11 | 26.75% |
| 2026-06-09 | 26.75% |
| 2026-06-05 | 26.73% |
| 2026-06-03 | 26.73% |
| 2026-06-01 | 26.74% |
| 2026-05-28 | 26.75% |
| 2026-05-26 | 26.73% |
| 2026-05-21 | 26.74% |
| 2026-05-19 | 26.74% |
| 2026-05-15 | 26.75% |
| 2026-05-13 | 26.73% |
| 2026-05-11 | 26.75% |
| 2026-05-07 | 26.74% |
| 2026-05-05 | 23.03% |
| 2026-05-01 | 23.01% |
| 2026-04-29 | 23.02% |
| 2026-04-27 | 23.02% |
| 2026-04-23 | 23.03% |
| 2026-04-21 | 23.03% |
| 2026-04-17 | 23.03% |
| 2026-04-15 | 23.03% |
| 2026-04-13 | 23.03% |
| 2026-04-09 | 23.02% |
| 2026-04-07 | 23.02% |
| 2026-04-02 | 23.03% |
| 2026-03-31 | 23.03% |
| 2026-03-27 | 23.03% |
| 2026-03-25 | 23.02% |
| 2026-03-23 | 23.02% |
| 2026-03-19 | 23.02% |
| 2026-03-17 | 23.02% |
| 2026-03-13 | 28.77% |
| 2026-03-11 | 23.03% |
| 2026-03-09 | 23.03% |
| 2026-03-05 | 23.03% |
| 2026-03-03 | 23.02% |
| 2026-02-27 | 23.02% |
| 2026-02-25 | 23.02% |
| 2026-02-23 | 23.02% |
| 2026-02-19 | 23.02% |
| 2026-02-17 | 22.54% |
| 2026-02-12 | 22.54% |
| 2026-02-10 | 22.54% |
| 2026-02-06 | 22.53% |
| 2026-02-04 | 22.55% |
| 2026-02-02 | 22.53% |
| 2026-01-29 | 22.55% |
| 2026-01-27 | 22.53% |
| 2026-01-23 | 22.53% |
| 2026-01-21 | 22.53% |
| 2026-01-16 | 22.54% |
| 2026-01-14 | 22.53% |
| 2026-01-12 | 22.52% |
| 2026-01-08 | 22.53% |
| 2026-01-06 | 22.52% |
| 2026-01-02 | 22.54% |
| 2025-12-30 | 22.53% |
| 2025-12-26 | 22.53% |
| 2025-12-23 | 22.53% |
| 2025-12-19 | 22.53% |
| 2025-12-17 | 22.53% |
| 2025-12-15 | 22.53% |
| 2025-12-11 | 22.06% |
| 2025-12-09 | 22.07% |
| 2025-12-05 | 22.08% |
| 2025-12-03 | 22.07% |
| 2025-12-01 | 22.07% |
| 2025-11-26 | 22.05% |
| 2025-11-24 | 22.05% |
| 2025-11-20 | 22.06% |
| 2025-11-18 | 22.07% |
| 2025-11-14 | 22.06% |
| 2025-11-12 | 22.07% |
| 2025-11-10 | 22.06% |
| 2025-11-06 | 22.06% |
| 2025-11-04 | 21.02% |
| 2025-10-31 | 21.03% |
| 2025-10-29 | 21.03% |
| 2025-10-27 | 21.04% |
| 2025-10-23 | 21.03% |
| 2025-10-21 | 21.02% |
| 2025-10-17 | 21.03% |
| 2025-10-15 | 21.04% |
| 2025-10-13 | 21.03% |
| 2025-10-09 | 21.02% |
| 2025-10-07 | 21.04% |
| 2025-10-03 | 21.02% |
| 2025-10-01 | 21.02% |
| 2025-09-29 | 21.04% |
| 2025-09-25 | 21.03% |
| 2025-09-23 | 21.02% |
| 2025-09-19 | 21.04% |
| 2025-09-17 | 21.02% |
| 2025-09-15 | 21.02% |
| 2025-09-11 | 25.49% |
| 2025-09-09 | 25.52% |
| 2025-09-05 | 25.52% |
| 2025-09-03 | 25.51% |
| 2025-08-29 | 25.52% |
| 2025-08-27 | 25.52% |
| 2025-08-25 | 25.50% |
| 2025-08-21 | 25.50% |
| 2025-08-19 | 25.50% |
| 2025-08-15 | 25.51% |
| 2025-08-13 | 25.50% |
| 2025-08-11 | 25.49% |
| 2025-08-07 | 25.52% |
| 2025-08-05 | 25.90% |
| 2025-08-01 | 25.89% |
| 2025-07-30 | 25.90% |
| 2025-07-28 | 25.92% |
| 2025-07-24 | 25.92% |
| 2025-07-22 | 25.92% |
| 2025-07-18 | 25.92% |
| 2025-07-16 | 25.92% |
| 2025-07-14 | 25.92% |
| 2025-07-10 | 25.92% |
| 2025-07-08 | 25.92% |
| 2025-07-03 | 25.90% |
| 2025-07-01 | 25.91% |
| 2025-06-27 | 25.91% |
| 2025-06-25 | 25.90% |
| 2025-06-23 | 25.90% |
| 2025-06-18 | 25.92% |
| 2025-06-16 | 25.92% |
| 2025-06-12 | 28.40% |
| 2025-06-10 | 28.42% |
| 2025-06-06 | 28.41% |
| 2025-06-04 | 28.40% |
| 2025-06-02 | 28.42% |
| 2025-05-29 | 28.41% |
| 2025-05-27 | 28.43% |
| 2025-05-22 | 28.42% |
| 2025-05-20 | 28.40% |
| 2025-05-16 | 28.41% |
| 2025-05-14 | 28.42% |
| 2025-05-12 | 28.39% |
| 2025-05-08 | 28.42% |
| 2025-05-06 | 27.34% |
| 2025-05-02 | 27.35% |
| 2025-04-30 | 27.33% |
| 2025-04-28 | 27.34% |
| 2025-04-24 | 27.37% |
| 2025-04-22 | 27.36% |
| 2025-04-17 | 27.34% |
| 2025-04-15 | 27.34% |
| 2025-04-11 | 27.36% |
| 2025-04-09 | 27.36% |
| 2025-04-07 | 27.35% |
| 2025-04-03 | 27.37% |
| 2025-04-01 | 27.35% |
| 2025-03-28 | 27.34% |
| 2025-03-26 | 27.36% |
| 2025-03-24 | 27.36% |
| 2025-03-20 | 27.37% |
| 2025-03-18 | 27.35% |
| 2025-03-14 | 27.35% |
| 2025-03-12 | 31.71% |
| 2025-03-10 | 31.75% |
| 2025-03-06 | 31.72% |
| 2025-03-04 | 31.71% |
| 2025-02-28 | 31.75% |
| 2025-02-26 | 31.73% |
| 2025-02-24 | 31.71% |
| 2025-02-20 | 31.75% |
| 2025-02-18 | 26.90% |
| 2025-02-13 | 26.91% |
| 2025-02-11 | 26.92% |
| 2025-02-07 | 26.90% |
| 2025-02-05 | 26.88% |
| 2025-02-03 | 26.89% |
| 2025-01-30 | 26.89% |
| 2025-01-28 | 26.90% |
| 2025-01-24 | 26.90% |
| 2025-01-22 | 26.88% |
| 2025-01-17 | 26.90% |
| 2025-01-15 | 26.90% |
| 2025-01-13 | 26.89% |
| 2025-01-08 | 26.90% |
| 2025-01-06 | 26.89% |
| 2025-01-02 | 26.92% |
| 2024-12-30 | 26.90% |
| 2024-12-26 | 26.89% |
| 2024-12-23 | 26.91% |
| 2024-12-19 | 26.89% |
| 2024-12-17 | 26.91% |
| 2024-12-13 | 26.92% |
| 2024-12-11 | 37.11% |
| 2024-12-09 | 37.12% |
| 2024-12-05 | 37.10% |
| 2024-12-03 | 37.09% |
| 2024-11-29 | 37.10% |
| 2024-11-26 | 37.13% |
| 2024-11-22 | 37.11% |
| 2024-11-20 | 37.13% |
| 2024-11-18 | 37.09% |
| 2024-11-14 | 37.13% |
| 2024-11-12 | 37.09% |
| 2024-11-08 | 37.10% |
| 2024-11-06 | 37.08% |
| 2024-11-04 | 36.37% |
| 2024-10-31 | 36.35% |
| 2024-10-29 | 36.34% |
| 2024-10-25 | 36.39% |
| 2024-10-23 | 36.35% |
| 2024-10-21 | 36.38% |
| 2024-10-17 | 36.37% |
| 2024-10-15 | 36.36% |
| 2024-10-11 | 36.36% |
| 2024-10-09 | 36.37% |
| 2024-10-07 | 36.38% |
| 2024-10-03 | 36.37% |
| 2024-10-01 | 36.37% |
| 2024-09-27 | 36.34% |
| 2024-09-25 | 36.38% |
| 2024-09-23 | 36.38% |
| 2024-09-19 | 36.37% |
| 2024-09-17 | 36.38% |
| 2024-09-13 | 36.35% |
| 2024-09-11 | 37.27% |
| 2024-09-09 | 37.29% |
| 2024-09-05 | 37.27% |
| 2024-09-03 | 37.26% |
| 2024-08-29 | 37.26% |
| 2024-08-27 | 37.28% |
| 2024-08-23 | 37.29% |
| 2024-08-21 | 37.27% |
| 2024-08-19 | 37.29% |
| 2024-08-15 | 37.26% |
| 2024-08-13 | 37.29% |
| 2024-08-09 | 37.29% |
| 2024-08-07 | 37.28% |
| 2024-08-05 | 39.14% |
| 2024-08-01 | 39.13% |
| 2024-07-30 | 39.12% |
| 2024-07-26 | 39.11% |
| 2024-07-24 | 39.13% |
| 2024-07-22 | 39.12% |
| 2024-07-18 | 39.13% |
| 2024-07-16 | 39.14% |
| 2024-07-12 | 39.12% |
| 2024-07-10 | 39.12% |
| 2024-07-08 | 39.13% |
| 2024-07-03 | 39.12% |
| 2024-07-01 | 39.13% |
| 2024-06-27 | 39.12% |
| 2024-06-25 | 39.12% |
| 2024-06-21 | 39.10% |
| 2024-06-18 | 39.11% |
| 2024-06-14 | 39.10% |
| 2024-06-12 | 46.18% |
| 2024-06-10 | 46.17% |
| 2024-06-06 | 46.16% |
| 2024-06-04 | 46.17% |
| 2024-05-31 | 46.20% |
Showing the most recent 260 of 1,744 data points. The chart above shows the full history.
About Devon Energy Corporation
As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Clay Gaspar