1. Devon Signals 30% Dividend Hike as Coterra Merger Nears Close, $1B Synergy Target Called 'the Floor'
Devon Energy has signaled a dividend increase exceeding 30%, positioning the move as part of a broader shareholder return strategy tied to the anticipated closure of its merger with Coterra Energy. The company framed its $1 billion synergy target as a baseline rather than a ceiling, suggesting additional value could em...