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Oklahoman Published: March 4, 2011
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Devon to increase dividend

Devon Energy Corp. has increased its quarterly dividend by about 6 percent, the company announced Thursday. Devon’s second-quarter dividend, which is payable June 30, is 17 cents a share. “The increase in our quarterly cash dividend underscores Devon’s financial strength and our commitment to optimizing returns to our shareholders,” Executive Chairman Larry Nichols said. “The increased dividend supplements our ongoing $3.5 billion share repurchase program and reflects the board’s confidence in our underlying business.”

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