Oklahoma City-based Devon Energy announced a quarterly cash dividend on its common stock for the fourth quarter of 2020.
The company’s board of directors approved a dividend of 11 cents a share, same as the third quarter and will be payable on Dec. 30, 2020, based on a record date of Dec. 11, 2020.
Devon also announced a special dividend of 26 cents per share in August following the accelerated closing of its Barnett Shale divestiture. At the time, Devon stated that based on the number of outstanding shares, the special dividend would result in an aggregate payment of $100 million to shareholders. It will be payable Oct. 1, 2020.
The previous quarterly dividend of 11 cents was announced in June and will be payable Sept. 30, 2020.