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

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 increased its dividend by an average of 125.9% annually 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 Stock Up 1.5 %

Shares of NYSE:DX traded up $0.20 on Thursday, reaching $13.46. The company had a trading volume of 2,384,370 shares, compared to its average volume of 2,383,658. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.07 billion, a PE ratio of 9.16 and a beta of 1.31. Dynex Capital has a 52-week low of $11.36 and a 52-week high of $13.48. The firm’s 50 day simple moving average is $12.74 and its 200-day simple moving average is $12.53.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share 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, analysts expect that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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