Is NYSE:DVN suited for dividend investing?

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.

Deciphering NYSE:DVN's Dividend Rating

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 6.87%, DVN is a good candidate for dividend investing.
• Compared to an average industry Dividend Yield of 7.74, DVN pays a bit more dividend than its industry peers.
• Compared to an average S&P500 Dividend Yield of 2.47, DVN pays a better dividend.
• On average, the dividend of DVN grows each year by 84.16%, which is quite nice.
• DVN has been paying a dividend for at least 10 years, so it has 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

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NYSE:DVN has earned a 5 out of 10:

• An Altman-Z score of 3.22 indicates that DVN is not in any danger for bankruptcy at the moment.
• DVN has a Altman-Z score of 3.22. This is in the better half of the industry: DVN outperforms 76.74% of its industry peers.
• The Debt to FCF ratio of DVN is 2.25, which is a good value as it means it would take DVN, 2.25 years of fcf income to pay off all of its debts.
• With a decent Debt to FCF ratio value of 2.25, DVN is doing good in the industry, outperforming 68.37% 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.

Understanding NYSE:DVN's Profitability

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:DVN, the assigned 6 is a significant indicator of profitability:

• Looking at the Return On Assets, with a value of 19.70%, DVN belongs to the top of the industry, outperforming 80.47% of the companies in the same industry.
• Looking at the Return On Equity, with a value of 41.03%, DVN belongs to the top of the industry, outperforming 81.86% of the companies in the same industry.
• DVN has a better Return On Invested Capital (26.44%) than 88.37% of its industry peers.
• DVN's Profit Margin has improved in the last couple of years.
• 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.

Keep in mind

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.