5 Most Promising Dividend Stocks According to Analysts

In this article, we will take a look at the 5 most promising dividend stocks according to analysts. To see more such companies, go directly to 15 Most Promising Dividend Stocks According to Analysts.

5. Devon Energy Corporation (NYSE:DVN)

Number of Hedge Fund Holders: 55

One-Year Average Price Estimate: $70

Oil company Devon Energy Corporation (NYSE:DVN) is one of the most promising dividend stocks according to analysts. In February, Devon Energy Corporation (NYSE:DVN) declared a quarterly dividend of $0.20 per share, which was an 11.1% increase from the previous dividend of $0.18. Forward dividend yield came in at 1.25%. The new dividend was payable on March 31.

During the fourth quarter, Devon Energy Corporation (NYSE:DVN)’s adjusted EPS came in at $1.66, missing estimates by $0.09. Revenue in the quarter increased by 0.7% on a YoY basis to reach $4.3 billion, beating estimates by $10 million.

At the end of the last quarter of 2022, 55 hedge funds tracked by Insider Monkey reported having stakes in Devon Energy Corporation (NYSE:DVN). The net worth of these stakes was about $824 million. The most notable stakeholder of Devon Energy Corporation (NYSE:DVN) was Donald Yacktman’s Yacktman Asset Management with a $173 million stake.