Devon Energy Corporation announced based on the fourth-quarter financial performance, the company declared a fixed-plus-variable dividend of $0.44 per share, payable on March 28, 2024, to shareholders of record at the close of business on March 15, 2024. The dividend payout consists of the board's approval to increase the fixed dividend by 10% to $0.22 per share and a variable distribution of $0.22 per share.