Dynex Capital, Inc. (NYSE:DX) Announces Monthly Dividend of $0.17

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Wednesday, February 11th. Stockholders of record on Monday, February 23rd will be given a dividend of 0.17 per share by the real estate investment trust on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 14.6%. The ex-dividend date is Monday, February 23rd.

Dynex Capital has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Dynex Capital has a dividend payout ratio of 133.3% meaning 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 $1.97 per share next year, which means the company may not be able to cover its $2.04 annual dividend with an expected future payout ratio of 103.6%.

Dynex Capital Stock Up 1.0%

Shares of NYSE:DX opened at $13.97 on Thursday. Dynex Capital has a 1 year low of $10.79 and a 1 year high of $14.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50-day moving average is $14.04 and its 200-day moving average is $13.31. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 6.85 and a beta of 0.98.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The business had revenue of $202.00 million during the quarter, compared to the consensus estimate of $59.41 million. Dynex Capital had a return on equity of 7.72% and a net margin of 59.80%. Equities research analysts predict that Dynex Capital will post 1.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Dynex Capital in a research report on Thursday, January 29th. Jones Trading increased their price objective on Dynex Capital from $14.00 to $15.25 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dynex Capital in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dynex Capital currently has an average rating of “Moderate Buy” and a consensus price target of $14.33.

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.