Uncovering Dividend Opportunities with NYSE:DVN.

Consider DEVON ENERGY CORP (NYSE:DVN) as a top pick for dividend investors, identified by our stock screening tool. NYSE:DVN shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

Dividend Assessment of NYSE:DVN

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. NYSE:DVN earns a 7 out of 10:

• With a Yearly Dividend Yield of 4.75%, DVN is a good candidate for dividend investing.
• DVN's Dividend Yield is a higher than the industry average which is at 6.33.
• Compared to an average S&P500 Dividend Yield of 2.26, DVN pays a better dividend.
• The dividend of DVN is nicely growing with an annual growth rate of 56.62%!
• DVN has been paying a dividend for at least 10 years, so it has a reliable track record.
• 37.75% of the earnings are spent on dividend by DVN. This is a low number and sustainable payout ratio.

Evaluating Health: NYSE:DVN

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:DVN has achieved a 6 out of 10:

• DVN's Altman-Z score of 2.88 is fine compared to the rest of the industry. DVN outperforms 74.52% of its industry peers.
• The Debt to FCF ratio of DVN is 2.18, which is a good value as it means it would take DVN, 2.18 years of fcf income to pay off all of its debts.
• Looking at the Debt to FCF ratio, with a value of 2.18, DVN is in the better half of the industry, outperforming 76.44% of the companies in the same industry.
• A Debt/Equity ratio of 0.47 indicates that DVN is not too dependend on debt financing.

Profitability Examination for NYSE:DVN

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:DVN has achieved a 6:

• DVN has a better Return On Assets (13.92%) than 84.62% of its industry peers.
• With an excellent Return On Equity value of 27.90%, DVN belongs to the best of the industry, outperforming 84.13% of the companies in the same industry.
• DVN has a Return On Invested Capital of 16.91%. This is amongst the best in the industry. DVN outperforms 86.54% of its industry peers.
• The last Return On Invested Capital (16.91%) for DVN is well below the 3 year average (21.19%), which needs to be investigated, but indicates that DVN had better years and this may not be a problem.
• DVN's Profit Margin of 22.60% is fine compared to the rest of the industry. DVN outperforms 70.67% of its industry peers.
• Looking at the Operating Margin, with a value of 30.31%, DVN is in the better half of the industry, outperforming 62.02% of the companies in the same industry.
• In the last couple of years the Operating Margin of DVN has grown nicely.

More Best Dividend stocks can be found in our Best Dividend screener.

Check the latest full fundamental report of DVN for a complete fundamental analysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.