New Zealand markets closed
  • NZX 50

    11,180.01
    +89.98 (+0.81%)
     
  • NZD/USD

    0.5763
    +0.0034 (+0.59%)
     
  • ALL ORDS

    7,030.90
    +125.60 (+1.82%)
     
  • OIL

    86.29
    -0.23 (-0.27%)
     
  • GOLD

    1,729.20
    -1.30 (-0.08%)
     

This Big-Time Dividend Stock Is Adding More Fuel to Potentially Push Its Payout Higher

·4-min read

Devon Energy (NYSE: DVN) has become quite the dividend stock over the past year. The oil company launched the industry's first fixed-plus-variable dividend framework last year, enabling its investors to cash in on higher oil prices. Devon has since increased its base dividend twice, while growing its variable payment every quarter.