Below we presented the 5 best dividend stocks under $20. For a detailed discussion and a more comprehensive list please see 10 Best Dividend Stocks Under $20.
5 – Devon Energy Corporation (NYSE:DVN)
Based on our filters we see another energy company in the fifth spot in our list. DVN is a leading independent oil and natural gas exploration and production company. Currently, the company produces approximately 140,000 barrels of oil per day and has a deep inventory of development opportunities to deliver future growth. Devon also produces about 575 million cubic feet of natural gas a day and about 80,000 barrels of natural gas liquids per day.
According to recent SEC filings the company had total assets of $10,3 billion. Devon also reported $1 billion in total revenues and a net loss of $92 million. On October 1, Devon completed the sale of its Barnett Shale assets and in conjunction with this sale Devon paid a $100 million special dividend to its shareholders. Annual dividend for the company is at $0.44 and this corresponds to a 2.73 percent dividend yield. Closing price of DVN shares on Thursday was $16.10 and that is pretty below the historic peak of $104.16 in 2008.
If we have a look at the hedge funds that are taking bullish positions in this stock, we see Holocene Advisors at the top of the list with its $53 million investment. Among the other 44 big hedge funds, Ken Griffin’s Citadel Investment Group, D E Shaw and Renaissance Technologies are among the other names with large positions.