The Latest Breaking News from Devon Energy

December S&P 500 futures (ESZ23) are down -0.59%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.68% this morning as the military conflict in the Middle East dampened risk appetite, while market participants looked ahead to the release of U.S. inflation data and the minutes of the Federal Reserve’s…

Devon Energy pays a 49-cent quarterly dividend, incl. a 29-cent variable portion (50% of the adjusted free cash flow). So, DVN stock has an attractive 4.5% yield, although it could be cut in the Q3 results.

Devon Energy cut its variable dividend, paid out as 50% of adj. free cash flow. However, it still leaves DVN stock with a 3.87% annual yield, attracting long-term investors and short-put traders.

Devon Energy stock is trailing the S&P 500 this year, but oil price forecasts are rising. Should you buy DVN stock in anticipation of higher oil prices?

Devon Energy cut its dividend last quarter based on lower adjusted free cash flow, and it may do so again. But it still makes sense to short out-of-the-money puts both for income and to buy in.

Oil prices popped Monday following Saudi Arabia's decision to cut oil production.

Devon Energy stock has been treading water since its Q1 results were released on May 8. This is good for investors who have been short its out-of-the-money puts, whose premiums are sinking.

Devon Energy reported lower, but still positive free cash flow for Q1. As a result, it cut the variable dividend. This leaves DVN stock with a 5.79% dividend yield, making it popular with value investors.

Devon Energy is up over 16% since mid-March, but DVN stock is still attractive even if it cuts the dividend. The yield will still be over 5.3% per annum and investors like short-put income plays.