Dynex Capital, Inc. (NYSE:DX) Declares Monthly Dividend of $0.13

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Thursday, September 12th, Zacks reports. Investors of record on Monday, September 23rd will be paid a dividend of 0.13 per share by the real estate investment trust on Tuesday, October 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.11%. The ex-dividend date is Monday, September 23rd.

Dynex Capital has a payout ratio of 138.1% 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 $1.43 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 109.1%.

Dynex Capital Stock Performance

Shares of NYSE DX opened at $12.88 on Friday. The company has a market cap of $827.00 million, a P/E ratio of 11.01 and a beta of 1.33. Dynex Capital has a 52-week low of $9.57 and a 52-week high of $13.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s fifty day moving average is $12.41 and its two-hundred day moving average is $12.20.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.30). Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. The firm had revenue of $76.05 million during the quarter. During the same quarter last year, the business earned ($0.27) earnings per share. As a group, analysts anticipate that Dynex Capital will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

DX has been the subject of a number of research reports. StockNews.com downgraded Dynex Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. Finally, Janney Montgomery Scott began coverage on shares of Dynex Capital in a report on Thursday, June 6th. They issued a “buy” rating and a $13.50 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.35.

About Dynex Capital

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.