Dynex Capital, Inc. (NYSE:DX) Declares $0.15 Monthly Dividend

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.15 per share by the real estate investment trust on Monday, March 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 13.37%. The ex-dividend date of this dividend is Monday, February 24th.

Dynex Capital has raised its dividend by an average of 120.9% per year over the last three years. Dynex Capital has a dividend payout ratio of 121.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Dynex Capital to earn $1.97 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 91.4%.

Dynex Capital Trading Up 1.5 %

DX opened at $13.46 on Friday. Dynex Capital has a fifty-two week low of $11.36 and a fifty-two week high of $13.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.16 and a beta of 1.31. The company’s 50 day moving average price is $12.74 and its two-hundred day moving average price is $12.53.

Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, research analysts predict that Dynex Capital will post 1.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Dynex Capital currently has an average rating of “Moderate Buy” and an average price target of $13.56.

Dynex Capital Company Profile

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.