Devon Energy Declares Quarterly Cash Dividend

Devon Energy says that its board of directors declared a quarterly cash dividend on Devon's common stock for the fourth quarter of 2005. The dividend is payable on December 31, 2005, at a rate of seven and one-half cents per share based on a record date of December 15, 2005.

Devon also announced that its board of directors declared a quarterly cash dividend on its 6.49 percent cumulative preferred stock, series A. The dividend rate is $1.6225 per share and is payable on December 31, 2005. The record date for the dividend is December 15, 2005.

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