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Why NYSE:DVN qualifies as a good dividend investing stock.

By Mill Chart

Last update: Dec 4, 2023

Unearth the potential of DEVON ENERGY CORP (NYSE:DVN) as a dividend stock recommended by our stock screening tool. NYSE:DVN maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

Assessing Dividend for NYSE:DVN

ChartMill assigns a Dividend Rating to each stock, ranging from 0 to 10. This rating is calculated by analyzing various dividend elements, such as yield, historical performance, dividend growth, and sustainability. NYSE:DVN has been awarded a 7 for its dividend quality:

  • With a Yearly Dividend Yield of 6.38%, DVN is a good candidate for dividend investing.
  • DVN's Dividend Yield is a higher than the industry average which is at 6.71.
  • Compared to an average S&P500 Dividend Yield of 2.59, DVN pays a better dividend.
  • The dividend of DVN is nicely growing with an annual growth rate of 84.16%!
  • DVN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As DVN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.

Unpacking NYSE:DVN's Health Rating

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:DVN, the assigned 5 for health provides valuable insights:

  • An Altman-Z score of 3.34 indicates that DVN is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of DVN (3.34) is better than 76.85% of its industry peers.
  • DVN has a debt to FCF ratio of 2.25. This is a good value and a sign of high solvency as DVN would need 2.25 years to pay back of all of its debts.
  • DVN has a Debt to FCF ratio of 2.25. This is in the better half of the industry: DVN outperforms 68.52% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for DVN, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.

Exploring NYSE:DVN's Profitability

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:DVN scores a 6 out of 10:

  • The Return On Assets of DVN (19.70%) is better than 80.09% of its industry peers.
  • DVN has a Return On Equity of 41.03%. This is amongst the best in the industry. DVN outperforms 83.33% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 26.44%, DVN belongs to the top of the industry, outperforming 87.96% of the companies in the same industry.
  • DVN's Profit Margin has improved in the last couple of years.
  • DVN's Operating Margin has improved in the last couple of years.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

Our latest full fundamental report of DVN contains the most current fundamental analsysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.



NYSE:DVN (5/17/2024, 7:04:00 PM)

After market: 49.65 +0.03 (+0.06%)


+0.38 (+0.77%)

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