Dynex Capital Inc (NYSE:DX) declared a monthly dividend on Monday, September 14th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Dynex Capital has decreased its dividend by 20.3% over the last three years and has increased its dividend annually for the last 1 consecutive years.
Dynex Capital stock traded up $0.13 during mid-day trading on Wednesday, reaching $15.89. 691 shares of the company traded hands, compared to its average volume of 418,255. The firm’s 50 day moving average price is $15.60 and its 200 day moving average price is $14.16. The firm has a market capitalization of $364.70 million, a price-to-earnings ratio of 3.71 and a beta of 1.30. Dynex Capital has a 52-week low of $7.04 and a 52-week high of $20.34.
Dynex Capital (NYSE:DX) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The firm had revenue of $15.00 million for the quarter. Dynex Capital had a net margin of 76.32% and a return on equity of 14.31%. As a group, analysts anticipate that Dynex Capital will post 1.69 EPS for the current fiscal year.
Several equities research analysts have recently commented on DX shares. Zacks Investment Research raised shares of Dynex Capital from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, August 4th. LADENBURG THALM/SH SH raised shares of Dynex Capital from a “neutral” rating to a “buy” rating in a report on Wednesday, July 29th. ValuEngine raised shares of Dynex Capital from a “strong sell” rating to a “sell” rating in a report on Friday, September 11th. Finally, TheStreet upgraded Dynex Capital from a “d” rating to a “c” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average 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.
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