Devon Energy (DVN) Announces $1B Share Buyback
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Devon Energy Announces Third-Quarter Dividend and Next Step in Cash-Return Strategy with $1.0 Billion Share-Repurchase Program
November 2, 2021 4:05 PM EDTKEY MESSAGES
Fixed-plus-variable dividend payout increased by 71 percent to $0.84 per shareBoard authorizes a $1.0 billion share-repurchase program through year-end 2022Repurchase program is equivalent to 4 percent of Devons market capitalizationTop free cash flow priority continues to be the funding of the companys market-leading dividendBalance sheet strength to further improve with plans to retire $1.0 billion of incremental debtOKLAHOMA CITY, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a fixed-plus-variable dividend of... More
