Dynex Capital Inc Plans Monthly Dividend of $0.13 (NYSE:DX)

Dynex Capital Inc (NYSE:DX) announced a monthly dividend on Monday, September 14th, Zacks reports. Stockholders of record on Thursday, September 24th will be given 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 9.81%. 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 raised its dividend annually for the last 1 consecutive years.

Shares of Dynex Capital stock opened at $15.90 on Wednesday. The stock has a 50 day moving average of $15.60 and a 200 day moving average of $14.16. The firm has a market capitalization of $364.70 million, a price-to-earnings ratio of 3.67 and a beta of 1.30. Dynex Capital has a fifty-two week low of $7.04 and a fifty-two week high of $20.34.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. Dynex Capital had a return on equity of 14.31% and a net margin of 76.32%. The firm had revenue of $15.00 million during the quarter. Equities research analysts predict that Dynex Capital will post 1.69 earnings per share for the current fiscal year.

A number of research firms recently issued reports on DX. Zacks Investment Research upgraded Dynex Capital from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, August 4th. ValuEngine upgraded shares of Dynex Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, September 11th. LADENBURG THALM/SH SH raised shares of Dynex Capital from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 29th. Finally, TheStreet raised shares of Dynex Capital from a “d” rating to a “c” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Dynex Capital has a consensus rating of “Buy” and a consensus target price of $17.25.

About Dynex Capital

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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