Briefs for The Oklahoman's Business cover on Feb. 20, 2020
Devon boosts dividend
Devon Energy announced this week its board of directors is boosting the company’s quarterly stock dividend by 22%.
The increase, from 9 cents to 11 cents per share, will be seen by investors as part of the company’s next distribution Devon will pay on June 30 to shareholders of record on June 15.
“The 22% increase in our quarterly dividend is the latest example of Devon’s commitment to return cash to shareholders,” Dave Hager, Devon’s CEO, stated as part of the announcement.
The increase, he continued, “reflects the confidence we have in our underlying business and financial strength.”
7-Eleven adds lottery
7-Eleven announced this week it will begin offering Oklahoma Lottery products to customers of its 108 central-Oklahoma locations at 6 a.m. Feb. 24.
Officials stated the stores will offer the lottery’s full complement of products including Scratchers at all price points and draw games including Powerball and Mega Millions.
They also noted the stores will use self-service kiosks to offer those products to its customers as part of a new sales model the retailer and Oklahoma Lottery Commission are introducing into the market.
Officials stated the machines will sell every product offered through the lottery through debit card transactions and will be capable of cashing winning tickets valued at $600 or less.
“Selling tickets at 7-Eleven has been a goal for the Oklahoma Lottery for many years and we are excited about this opportunity to partner with them,” Jay Finks, the lottery’s deputy director, stated as part of the announcement.