Dynex Capital, Inc. (NYSE:DX) Shareholders to Receive $0.17 Monthly Dividend

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Monday, October 12th. Stockholders of record on Thursday, October 22nd will be given a dividend of $0.17 per share by the real estate investment trust on Monday, November 2nd. This represents a $2.04 annualized dividend and a dividend yield of 18.7%. The ex-dividend date of this dividend is Thursday, October 22nd.

Dynex Capital has a dividend payout ratio of 133.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Dynex Capital Trading Up 0.3%

Shares of DX opened at $10.89 on Tuesday. The business has a 50-day moving average of $12.31 and a 200 day moving average of $12.80. Dynex Capital has a fifty-two week low of $10.36 and a fifty-two week high of $14.93. The firm has a market cap of $2.70 billion, a P/E ratio of 4.14 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $302.75 million for the quarter, compared to analysts’ expectations of $103.62 million. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DX shares. Weiss Ratings lowered shares of Dynex Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. BTIG Research set a $12.00 price target on shares of Dynex Capital and gave the company a “buy” rating in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a research report on Tuesday, July 21st. Finally, JonesTrading restated a “buy” rating and set a $14.75 price target on shares of Dynex Capital in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Dynex Capital currently has a consensus rating of “Moderate Buy” and an average target price of $13.94.

About Dynex Capital

Dynex Capital, Inc (NYSE: DX) is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.