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.
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.
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.