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Why NYSE:DVN is a Top Pick for Dividend Investors.

By Mill Chart

Last update: May 2, 2024

Consider DEVON ENERGY CORP (NYSE:DVN) as a top pick for dividend investors, identified by our stock screening tool. NYSE:DVN shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

What does the Dividend looks like for NYSE:DVN

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. NYSE:DVN has achieved a 7 out of 10:

  • DVN has a Yearly Dividend Yield of 4.80%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.72, DVN pays a bit more dividend than its industry peers.
  • DVN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
  • On average, the dividend of DVN grows each year by 56.62%, which is quite nice.
  • DVN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • 39.25% of the earnings are spent on dividend by DVN. This is a low number and sustainable payout ratio.

Health Assessment of 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 6 out of 10:

  • An Altman-Z score of 3.53 indicates that DVN is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of DVN (3.53) is better than 78.04% of its industry peers.
  • DVN has a debt to FCF ratio of 2.49. This is a good value and a sign of high solvency as DVN would need 2.49 years to pay back of all of its debts.
  • DVN has a better Debt to FCF ratio (2.49) than 71.03% of its industry peers.
  • DVN has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.

Profitability Analysis for NYSE:DVN

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:DVN, the assigned 6 is noteworthy for profitability:

  • DVN's Return On Assets of 19.33% is amongst the best of the industry. DVN outperforms 85.51% of its industry peers.
  • DVN's Return On Equity of 39.25% is amongst the best of the industry. DVN outperforms 86.92% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 23.10%, DVN belongs to the top of the industry, outperforming 89.25% of the companies in the same industry.
  • The last Return On Invested Capital (23.10%) for DVN is above the 3 year average (21.19%), which is a sign of increasing profitability.
  • The Profit Margin of DVN (24.81%) is better than 63.55% of its industry peers.
  • DVN has a Operating Margin of 32.70%. This is in the better half of the industry: DVN outperforms 60.75% of its industry peers.
  • DVN's Operating Margin has improved in the last couple of years.

More Best Dividend stocks can be found in our Best Dividend screener.

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


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.