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Devon Energy Corporation (DVN) declares $0.22/share quarterly dividend, 10% increase from prior...

Devon Energy Corporation (DVN) declares $0.22/share quarterly dividend, 10% increase from prior dividend of $0.20. Forward yield 1.61%. For shareholders of record June 14. Payable June 28. Ex-div date June 12. (PR)
Comments (8)
  • poclerk
    , contributor
    Comments (363) | Send Message
     
    Deep value guys like Tweedy Browne love $DVN
    6 Mar 2013, 03:50 PM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    Dont know why the love it. Has been one of the worst performers in the energy space. They need to be sold!
    6 Mar 2013, 03:57 PM Reply Like
  • jseth
    , contributor
    Comments (9) | Send Message
     
    IVA funds love it also and Merrill Lynch has a buy and $90 target....maybe you should discover the value in DVN....it's like HESS, and will soon be unlocking it's value, so jump now before it's too late.
    6 Mar 2013, 03:59 PM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    I've studied the company and owned it for years. Don't believe just b/c some analyst has a $100 target it's worth that. As Bo Diddlley said in trading places, "In Philadelphia , it's worth $50" Same case here. It's only worth what someone is willing to pay for it. Great assets, poor management
    6 Mar 2013, 04:07 PM Reply Like
  • jseth
    , contributor
    Comments (9) | Send Message
     
    so sell it and quit complaining!
    7 Mar 2013, 10:00 AM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    jseth, u must be the ceo because that was what he told me as well. My Icahn or some other activist investor will step in and force the BOD to unlock value. That;s what I'm waiting for
    7 Mar 2013, 10:36 AM Reply Like
  • jseth
    , contributor
    Comments (9) | Send Message
     
    think the unlock will come sooner rather than later...as increased dividend may be early indication.....lets hope so.
    8 Mar 2013, 09:52 AM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    I'm hoping....but hope isn't a great strategy
    8 Mar 2013, 09:57 AM Reply Like
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