5 Commodity Dividend Stocks With Over 4% Yield

In this article, we take a look at the 5 commodity dividend stocks with over 4% yield. If you want to read our detailed analysis the commodities industry, go directly to 10 Commodity Dividend Stocks With Over 4% Yield.

5. Devon Energy Corporation (NYSE:DVN)

Dividend Yield as of March 21: 6.86%

Number of Hedge Fund Holders: 51

Another high-yielding dividend stock from the energy sector is Devon Energy Corporation (NYSE:DVN), an independent oil and gas company based in Oklahoma. In February, the oil and natural gas company declared a quarterly dividend of $1 per share. In addition, Devon Energy Corporation (NYSE:DVN) increased cash returns in Q4 2021 by executing its share-repurchase program, where the company repurchased 14 million shares for a total cost of $589 million.

In 2021, Devon Energy Corporation (NYSE:DVN) generated $2.9 billion of free cash flow, the highest in the company’s 50-year history. The Oklahoma-based oil company also exceeded its volume guidance in the fourth quarter, with total production averaging 611,000 oil-equivalent barrels (Boe) per day.

Devon Energy Corporation (NYSE:DVN) attracted more hedge funds in the fourth quarter of 2021. 51 out of 924 elite funds tracked by Insider Monkey held stakes in the oil producer at the end of December 2021, up from 48 in Q3. Florida-based investment asset management firm GQG Partners increased its stake in Devon Energy Corporation (NYSE:DVN) in Q4 by 5%, bringing its total holdings to 14.5 million shares.