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

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Monday, October 14th, Wall Street Journal reports. Stockholders of record on Friday, October 25th will be paid a dividend of 0.13 per share by the real estate investment trust on Friday, November 1st. This represents a $1.56 annualized dividend and a dividend yield of 12.59%. The ex-dividend date is Friday, October 25th.

Dynex Capital has a dividend payout ratio of 152.9% meaning 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 $1.43 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 Trading Up 0.6 %

NYSE DX traded up $0.08 on Tuesday, reaching $12.39. The stock had a trading volume of 1,379,684 shares, compared to its average volume of 1,442,020. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $12.44 and a two-hundred day moving average price of $12.19. Dynex Capital has a 12-month low of $9.57 and a 12-month high of $13.13. The firm has a market capitalization of $795.54 million, a price-to-earnings ratio of 10.59 and a beta of 1.33.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Dynex Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reaffirmed a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Dynex Capital has an average rating of “Hold” and a consensus price target of $13.35.

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.