Devon Energy Declares Quarterly Cash Dividend

Devon Energy's (NYSE: DVN) board of directors has declared a quarterly cash dividend on Devon's common stock for the third quarter of 2006. The dividend is payable on September 29, 2006, at a rate of 11.25 cents per share based on a record date of September 15, 2006.

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 September 29, 2006. The record date for the dividend is September 15, 2006.

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