|Day's range||9.72 - 9.72|
Recently, Zacks.com users have been paying close attention to Devon Energy (DVN). This makes it worthwhile to examine what the stock has in store.
Companies with limited growth prospects tend to use dividends and stock buybacks to drive shareholder returns. Dow (NYSE: DOW) and Kinder Morgan (NYSE: KMI) have limited spending plans, which ensures free cash flow (FCF) can easily cover the dividend. Meanwhile, Devon Energy (NYSE: DVN) directly passes along its profits to shareholders through a variable dividend.
While Devon Energy Corporation ( NYSE:DVN ) shareholders are probably generally happy, the stock hasn't had...