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Devon Energy's variable dividend payments are strongly correlated to fluctuating oil prices.
Fool.com contributor Parkev Tatevosian highlights the key characteristics that passive income investors need to watch with Devon Energy (DVN 0.19%) stock heading into 2024.
*Stock prices used were the afternoon prices of Dec. 18, 2023. The video was published on Dec. 20, 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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