Look like Devonis doing GREAT !
Devon Energy Corporation today announced that its board of directors declared a quarterly cash dividend on Devon's common stock for the fourth quarter of 2008.
The dividend is payable on Dec. 31 at a rate of $0.16 per share based on a record date of Dec. 15.
Nov. 5, Oklahoma City’s Devon Energy Corporation reported 2008 third-quarter results. For the quarter that ended Sept. 30, the energy company’s net earnings totaled $2.6 billion or $5.92 per common share ($5.87 per diluted share), a 256-percent increase versus the 2007 third quarter.
Compared to the 2006 third-quarter, Devon’s 2007 third-quarter net earnings increased $30 million from $705 million to $735 million and their common share jumped from $1.59 to $1.65 ($1.57 to $1.63 per common diluted share). The increase from $735 million to $2.6 billion ($1.65 to $5.92 per common share) is the company’s highest ever quarterly earnings, officials said.
