Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Tuesday, October 12th, Zacks reports. Investors of record on Friday, October 22nd will be given a dividend of 0.13 per share by the real estate investment trust on Monday, November 1st. This represents a $1.56 annualized dividend and a yield of 8.74%. The ex-dividend date is Thursday, October 21st.
Dynex Capital has decreased its dividend by 23.2% over the last three years and has raised its dividend every year for the last 2 years. Dynex Capital has a payout ratio of 80.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Dynex Capital to earn $1.91 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 81.7%.
DX opened at $17.84 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $617.12 million, a price-to-earnings ratio of 2.98 and a beta of 1.24. Dynex Capital has a twelve month low of $15.49 and a twelve month high of $20.51. The company has a 50-day simple moving average of $17.57 and a 200 day simple moving average of $18.58.
A hedge fund recently raised its stake in Dynex Capital stock. Morgan Stanley increased its position in Dynex Capital, Inc. (NYSE:DX) by 393.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 252,291 shares of the real estate investment trust’s stock after buying an additional 201,126 shares during the quarter. Morgan Stanley owned 0.73% of Dynex Capital worth $4,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 46.72% of the stock is currently owned by institutional investors.
About Dynex Capital
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage-backed securities on a leveraged basis. It primarily invests in Agency and non-Agency mortgage-backed securities (MBS) consisting of residential MBS (RMBS), commercial MBS (CMBS), and CMBS interest-only (IO) securities.
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