You need to get a better understanding of a company's business before you buy an energy dividend stock. Devon Energy's dividend increase is probably sustainableTo be fair to Devon Energy, the dividend increase it initiated in 2026, raising the quarterly payment from $0.24 per share to $0.32 per share, wasn't directly tied to oil prices. In the past, when oil prices were high, the variable dividend sometimes exceeded the fixed dividend. If the variable dividend is added in again, you could collect a very large income stream. It is one of the world's largest energy companies and has exposure to the entire energy value chain, which helps soften the typical swings in oil prices.