Dynex Capital Inc (NYSE:DX) announced a monthly dividend on Monday, September 14th, Zacks reports. Investors 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 yield of 9.84%. 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 every year for the last 1 years.
NYSE DX traded up $0.10 during trading hours on Wednesday, hitting $15.86. The company had a trading volume of 52 shares, compared to its average volume of 418,255. The company has a market cap of $364.70 million, a PE ratio of 3.71 and a beta of 1.30. Dynex Capital has a 1-year low of $7.04 and a 1-year high of $20.34. The business has a 50 day moving average of $15.60 and a 200-day moving average of $14.16.
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 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 company had revenue of $15.00 million for the quarter. On average, sell-side analysts predict that Dynex Capital will post 1.69 earnings per share for the current year.
DX has been the topic of several recent research reports. LADENBURG THALM/SH SH upgraded Dynex Capital from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 29th. Zacks Investment Research raised Dynex Capital from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, August 4th. ValuEngine upgraded Dynex Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, September 11th. Finally, TheStreet upgraded shares of Dynex Capital from a “d” rating to a “c” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently 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.
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