OKLAHOMA CITY, March 5 /PRNewswire-FirstCall/ -- Devon Energy
Corporation (NYSE: DVN) today announced that its board of directors has
increased the amount of the quarterly cash dividend on Devon's common stock
by approximately 14 percent. The amount of the dividend declared for the
first quarter of 2008 is $0.16 per share. The dividend is payable on March
31, 2008, based on a record date of March 17, 2008.
Devon also announced that its board of directors declared a quarterly
cash dividend on its 6.49 percent cumulative preferred stock, series A. The
dividend rate is $1.6225 per share and is payable on March 31, 2008. The
record date for the dividend is March 17, 2008.
Devon Energy Corporation is an Oklahoma City-based independent energy
company engaged in oil and gas exploration and production. Devon is the
largest U.S.-based independent oil and gas producer and is included in the
S&P 500 Index. For additional information, visit
http://www.devonenergy.com.
SOURCE Devon Energy Corporation
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Related links:
http://www.devonenergy.com
http://www.prnewswire.com/comp/118040.html/
CONTACT:
Investor, Zack Hager, +1-405-552-4526, or
Media, Chip Minty, +1-405-228-8647, both of Devon Energy
Corporation
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