Dynex Capital Inc (NYSE:DX) declared a monthly dividend on Monday, September 14th, Zacks reports. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.13 per share by the real estate investment trust on Thursday, October 1st. This represents a $1.56 annualized dividend and a dividend yield of 9.84%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Dynex Capital has decreased its dividend payment by 20.3% over the last three years and has increased its dividend every year for the last 1 years.
Dynex Capital stock traded up $0.10 during trading on Wednesday, reaching $15.86. The company had a trading volume of 52 shares, compared to its average volume of 418,255. The firm has a market capitalization of $364.70 million, a PE ratio of 3.71 and a beta of 1.30. The firm’s 50-day simple moving average is $15.60 and its 200 day simple moving average is $14.16. Dynex Capital has a 1-year low of $7.04 and a 1-year high of $20.34.
Dynex Capital (NYSE:DX) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.08. Dynex Capital had a net margin of 76.32% and a return on equity of 14.31%. The business had revenue of $15.00 million for the quarter. As a group, analysts expect that Dynex Capital will post 1.69 EPS for the current fiscal year.
Several equities research analysts recently issued reports on DX shares. Zacks Investment Research upgraded Dynex Capital from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, August 4th. TheStreet raised Dynex Capital from a “d” rating to a “c” rating in a research note on Wednesday, July 29th. ValuEngine raised Dynex Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, September 11th. Finally, LADENBURG THALM/SH SH upgraded Dynex Capital from a “neutral” rating to a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Dynex Capital has a consensus rating of “Buy” and a consensus target price of $17.25.
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.
See Also: Cost of Debt
Receive News & Ratings for Dynex Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital and related companies with MarketBeat.com's FREE daily email newsletter.