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Devon Energy's Dividend Continues Declining. Is It Time to Sell?

Devon Energy's Dividend Continues Declining. Is It Time to Sell?

Devon Energy (NYSE: DVN) launched the oil industry's first fixed-plus variable dividend framework a few years ago. It has also made variable dividend payments that have varied considerably from quarter to quarter. Devon Energy recently declared its latest dividend based on its first-quarter results, which it will pay in the current quarter.