Devon Energy used to be a high dividend-yield stock, but it has seen a decline in recent years. However, there are ways for Devon Energy to become a super-high dividend-yield stock again.
One way for Devon Energy to increase its dividend yield is to focus on improving its financial performance. This can be done by reducing operating costs, increasing efficiency, and optimizing its asset portfolio.
Another way for Devon Energy to boost its dividend yield is to prioritize returning cash to shareholders. This can be achieved through increasing dividend payouts, implementing share buyback programs, or a combination of both.
Additionally, Devon Energy can explore strategic partnerships or acquisitions that could generate additional cash flow and support its dividend payments.
By implementing these strategies, Devon Energy has the potential to once again become a super-high dividend-yield stock, providing attractive returns to its shareholders.