Dynex Capital Inc (NYSE:DX) announced a monthly dividend on Monday, August 12th, NASDAQ reports. Shareholders of record on Thursday, August 22nd will be paid a dividend of 0.15 per share by the real estate investment trust on Tuesday, September 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 11.73%. The ex-dividend date is Wednesday, August 21st.
Dynex Capital has decreased its dividend by an average of 9.5% annually over the last three years. Dynex Capital has a payout ratio of 304.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Dynex Capital to earn $1.84 per share next year, which means the company may not be able to cover its $2.16 annual dividend with an expected future payout ratio of 117.4%.
DX stock opened at $15.35 on Wednesday. The company has a market capitalization of $382.15 million, a PE ratio of 7.01 and a beta of 0.61. Dynex Capital has a 12 month low of $15.32 and a 12 month high of $19.59. The business has a 50-day moving average of $16.55.
Dynex Capital (NYSE:DX) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $12.94 million during the quarter. Dynex Capital had a positive return on equity of 12.74% and a negative net margin of 157.13%. On average, analysts predict that Dynex Capital will post 1.85 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the stock. LADENBURG THALM/SH SH cut shares of Dynex Capital from a “buy” rating to a “neutral” rating and set a $18.21 target price for the company. in a report on Thursday, May 2nd. ValuEngine cut shares of Dynex Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Dynex Capital has a consensus rating of “Hold” and an average target price of $19.82.
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.
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