Dynex Capital Inc (NYSE:DX) declared a monthly dividend on Wednesday, September 11th, Zacks reports. Investors of record on Monday, September 23rd will be given a dividend of 0.15 per share by the real estate investment trust on Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 11.80%. The ex-dividend date is Friday, September 20th.

Dynex Capital has decreased its dividend payment by an average of 9.5% per year over the last three years. Dynex Capital has a payout ratio of 253.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Dynex Capital to earn $1.84 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 97.8%.

NYSE:DX opened at $15.26 on Friday. Dynex Capital has a 52 week low of $13.84 and a 52 week high of $19.35. The firm has a market cap of $376.31 million, a price-to-earnings ratio of 6.97 and a beta of 0.64. The firm’s 50-day simple moving average is $15.28 and its 200 day simple moving average is $10.07.

Dynex Capital (NYSE:DX) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). Dynex Capital had a negative net margin of 157.13% and a positive return on equity of 12.74%. The firm had revenue of $12.94 million during the quarter. As a group, analysts anticipate that Dynex Capital will post 1.85 EPS for the current fiscal year.

In related news, CFO Stephen J. Benedetti purchased 4,000 shares of Dynex Capital stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $14.68 per share, for a total transaction of $58,720.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.36% of the company’s stock.

DX has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Monday, August 5th. ValuEngine raised shares of Dynex Capital from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target 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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Dividend History for Dynex Capital (NYSE:DX)

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