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Uncovering Dividend Opportunities with NYSE:DVN.

By Mill Chart

Last update: Dec 25, 2023

Discover DEVON ENERGY CORP (NYSE:DVN)—a stock that our stock screener has recognized as a solid dividend pick with strong fundamentals. NYSE:DVN showcases decent financial health and profitability while providing a sustainable dividend. We'll explore the specifics further.

ChartMill's Evaluation of Dividend

ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NYSE:DVN was assigned a score of 7 for dividend:

  • DVN has a Yearly Dividend Yield of 6.26%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.92, DVN pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 2.46, DVN pays a better dividend.
  • The dividend of DVN is nicely growing with an annual growth rate of 84.16%!
  • DVN has paid a dividend for at least 10 years, which is a reliable track record.
  • DVN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.

Health Analysis for NYSE:DVN

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:DVN has received a 5 out of 10:

  • DVN has an Altman-Z score of 3.36. This indicates that DVN is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of DVN (3.36) is better than 76.96% 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.
  • With a decent Debt to FCF ratio value of 2.25, DVN is doing good in the industry, outperforming 69.12% of the companies in the same industry.
  • 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.

Profitability Analysis for NYSE:DVN

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:DVN has achieved a 6:

  • The Return On Assets of DVN (19.70%) is better than 79.72% of its industry peers.
  • With an excellent Return On Equity value of 41.03%, DVN belongs to the best of the industry, outperforming 83.41% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 26.44%, DVN belongs to the top of the industry, outperforming 88.02% of the companies in the same industry.
  • In the last couple of years the Profit Margin of DVN has grown nicely.
  • In the last couple of years the Operating Margin of DVN has grown nicely.

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

Check the latest full fundamental report of DVN for a complete fundamental analysis.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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DEVON ENERGY CORP

NYSE:DVN (4/22/2024, 7:04:00 PM)

After market: 52.2 +0.07 (+0.13%)

52.13

+0.3 (+0.58%)

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