This energy company has an interesting dividend policy.
Devon Energy (DVN 0.58%) pays a variable dividend. That means that during good times, the dividend payment goes higher. It also means that in down cycles, the dividend payment lowers. This video will tell you if Devon Energy is an excellent dividend stock to buy.
*Stock prices used were the afternoon prices of March 2, 2023. The video was published on March 4, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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