Dynex Capital Inc (NYSE:DX) declared a monthly dividend on Wednesday, September 11th, Zacks reports. Investors of record on Monday, September 23rd will be paid a dividend of 0.15 per share by the real estate investment trust on Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 12.03%. The ex-dividend date is Friday, September 20th.
Dynex Capital has decreased its dividend by an average of 9.5% per year over the last three years. Dynex Capital has a dividend payout ratio of 253.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Dynex Capital to earn $1.84 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 97.8%.
Shares of NYSE:DX opened at $14.96 on Thursday. Dynex Capital has a twelve month low of $13.84 and a twelve month high of $19.32. The company’s 50 day moving average is $15.05 and its 200 day moving average is $10.34. The company has a market cap of $371.55 million, a PE ratio of 6.83 and a beta of 0.64.
Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). Dynex Capital had a positive return on equity of 12.74% and a negative net margin of 157.13%. The business had revenue of $12.94 million during the quarter. On average, research analysts anticipate that Dynex Capital will post 1.85 EPS for the current year.
DX has been the topic of several research reports. Zacks Investment Research downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Monday, August 5th. ValuEngine upgraded shares of Dynex Capital from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $19.82.
In other news, CFO Stephen J. Benedetti acquired 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $14.68 per share, with a total value of $58,720.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 3.36% of the stock is owned by company insiders.
About Dynex Capital
Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.
Further Reading: Market Perform
Receive News & Ratings for Dynex Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital and related companies with MarketBeat.com's FREE daily email newsletter.