Devon Energy Announces Capital Return Update
Devon Energy announced a $8 billion share repurchase authorization, representing almost 15% of its current market capitalization, and a 33% increase in its quarterly dividend to $0.320 per share. The actions reflect the board's confidence in the combined company's free cash flow generation and its commitment to delivering differentiated returns to shareholders through commodity cycles.
Key figures
- Buyback
- 8000000000
- Dividend
- 0.32
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