5 Dividend Stocks with Over 8% Yield

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In this article, we discuss 5 dividend stocks with over 8% yield. If you want to read our detailed analysis of high dividend yield stocks and their performance in the past, go directly to read 10 Dividend Stocks with Over 8% Yield

5. Devon Energy Corporation (NYSE:DVN)

Dividend Yield as of August 18: 10.27%

An American energy company, Devon Energy Corporation (NYSE:DVN) ranks fifth on our list of the best dividend stocks with over 8% yield. Though the company’s revenue declined by 38.7% on a year-over-year basis in the second quarter of 2023, its cash position remained strong. The company generated over $1.4 billion in operating cash flow. During the quarter, it also returned $690 million to shareholders through dividends and share repurchases.

On August 2, Devon Energy Corporation (NYSE:DVN) announced that it will pay a regular quarterly dividend of $0.20 per share, along with an additional dividend of $0.29 per share, resulting in a combined quarterly dividend of $0.49 per share. This is different from the previous dividend approach, which was $0.20 fixed and $0.52 variable per share. The stock’s dividend yield on August 18 came in at 10.27%.

Devon Energy Corporation (NYSE:DVN) was a part of 45 hedge fund portfolios at the end of Q2 2023, as tracked by Insider Monkey. The stakes owned by these hedge funds have a total value of over $638.6 million.

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