Dynex Capital Inc (NYSE:DX) declared a monthly dividend on Monday, August 12th, NASDAQ reports. Investors of record on Thursday, August 22nd will be paid a dividend of 0.15 per share by the real estate investment trust on Tuesday, September 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.85%. The ex-dividend date of this dividend is Wednesday, August 21st.

Dynex Capital has decreased its dividend payment by an average of 9.5% per year over the last three years. Dynex Capital has a dividend payout ratio of 304.2% 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 $1.84 per share next year, which means the company may not be able to cover its $2.16 annual dividend with an expected future payout ratio of 117.4%.

Shares of DX stock traded down $0.31 on Wednesday, reaching $15.19. 73,834 shares of the stock were exchanged, compared to its average volume of 299,060. The company’s 50 day moving average price is $16.55. The stock has a market cap of $382.15 million, a P/E ratio of 6.94 and a beta of 0.61. Dynex Capital has a twelve month low of $15.32 and a twelve month high of $19.59.

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

Several research firms have issued reports on DX. LADENBURG THALM/SH SH downgraded shares of Dynex Capital from a “buy” rating to a “neutral” rating and set a $18.21 price objective for the company. in a research note on Thursday, May 2nd. ValuEngine downgraded shares of Dynex Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Dynex Capital has a consensus rating of “Hold” 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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