FCNTX does not pay a dividend at this time.
Do any FANG stocks pay dividends?
Shareholders of FANG can expect to get a dividend of $1.63. The yearly dividend yield of FANG is 1.49 percent. This is lower than the US oil and gas E&P industry average of 3.69 percent, and lower than the US stock market average of 4.02 percent.
What is Devon Energy dividend?
- By 71 percent, the fixed-plus-variable dividend distribution rose to $0.84 per share.
- Until year-end 2022, the Board of Directors has authorized a $1.0 billion share-repurchase program.
- Devon’s repurchase program represents 4% of the company’s market capitalization.
- The company’s market-leading dividend is still the most important free cash flow priority.
- Reducing debt by $1.0 billion over the next few years will help strengthen the balance sheet even further
On November 2, 2021 (GLOBE NEWSWIRE), OKLAHOMA CITY, Okla. A fixed-plus-variable dividend of $0.84 per share has been issued by the board of directors of Devon Energy Corp. (NYSE: DVN) based on the company’s third-quarter results. Dividends paid out this quarter are up 71% from the prior quarter’s distribution. Those shareholders of record at the close of business on Dec. 10, 2021, will receive a dividend payment of $0.10 per share on Dec. 30, 2021.
Additionally, the business has authorized a $1.0 billion share-repurchase program of its common shares through the end of 2022 as the next phase in its cash-return strategy. Approximately 4% of the company’s current market value will be invested in this program.
“As a result of this news, Devon will continue to lead the industry in capital discipline, return on equity, and shareholder alignment,” stated Rick Muncrief, president and CEO. “Despite the fact that our market-leading dividend remains our top priority for free cash flow, this buyback program provides us with another option to opportunistically return value to shareholders and increase per-share outcomes.”
Share repurchases under this authorization will be decided at the discretion of management. It is possible to conduct share repurchases in a variety of ways, including through open market purchases or private deals. At any time, the stock repurchase program may be halted.
Fixed-plus-variable dividends remain the company’s primary source of free cash flow production. Dividends can be paid in the form of a set payout or a variable dividend depending on the company’s performance. Up to a half of the company’s free cash flow will be given to shareholders in the form of an additional, variable dividend.
The remainder of the company’s free cash flow will be used to repurchase shares and further strengthen Devon’s balance sheet after the dividend has been paid out. In 2022 and 2023, the corporation plans to retire and call low-premium debt totaling around $1.0 billion. In order to achieve this strategic goal, Devon has amassed substantial cash reserves.
How often does Fidelity dividend?
The company distributes a $0.50 dividend per share every quarter. On February 6, the stock price will be lower because of the $0.50 payment.
Does Magellan fund pay dividends?
The Group’s funds management business’s underlying net profit after tax, excluding any performance fees, comprises 90% to 95% of the company’s policy for paying interim and final dividends.
Additional to Interim and Final dividends, the Company has a policy of distributing an annual Performance Fee Dividend of 90% to 95% of the net crystallized performance fees after taxes. Any Performance Fee Dividends will be paid in addition to the Final Dividend once a year.
The Group’s decision to distribute dividends is subject to a variety of corporate, legal, and regulatory factors.
