Dynex Capital, Inc. (DX) to Issue Monthly Dividend of $0.15 on March 3rd

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 paid a dividend of 0.15 per share by the real estate investment trust on Monday, March 3rd. This represents a $1.80 annualized dividend and a yield of 13.37%. The ex-dividend date 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. Equities 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 Price Performance

Shares of Dynex Capital stock opened at $13.46 on Friday. Dynex Capital has a twelve month low of $11.36 and a twelve month high of $13.48. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $12.74 and a two-hundred day simple moving average of $12.53. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.16 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

DX has been the subject of several analyst reports. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Dynex Capital from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.