OKLAHOMA CITY--(EON: Enhanced Online News)--Devon Energy Corporation (NYSE:DVN) today announced that its board of directors declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2013. The dividend is payable on December 31, 2013 at a rate of $0.22 per share based on a record date of December 13, 2013.
Devon has paid quarterly dividends continuously since 1993 and has increased its dividend at an average annual rate of 24% since 2004. The current annual rate is $0.88 per share.
Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For more information about Devon, please visit our website at www.devonenergy.com.