Dynex Capital Inc Announces Monthly Dividend of $0.18 (NYSE:DX)

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Dynex Capital Inc (NYSE:DX) announced a monthly dividend on Thursday, June 6th, NASDAQ reports. Investors of record on Wednesday, June 26th will be paid a dividend of 0.18 per share by the real estate investment trust on Wednesday, July 3rd. This represents a $2.16 dividend on an annualized basis and a yield of 12.73%. The ex-dividend date is Tuesday, June 25th.

Dynex Capital has decreased its dividend payment by an average of 9.5% per year over the last three years. Dynex Capital has a dividend payout ratio of 304.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Dynex Capital to earn $2.04 per share next year, which means the company may not be able to cover its $2.16 annual dividend with an expected future payout ratio of 105.9%.

Shares of Dynex Capital stock opened at $16.97 on Monday. The firm has a market cap of $417.51 million, a price-to-earnings ratio of 7.75 and a beta of 0.64. Dynex Capital has a 12 month low of $16.23 and a 12 month high of $20.46.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $13.68 million during the quarter. Dynex Capital had a positive return on equity of 13.53% and a negative net margin of 71.70%. As a group, equities research analysts forecast that Dynex Capital will post 2.04 EPS for the current fiscal year.

Several equities analysts have recently weighed in on DX shares. LADENBURG THALM/SH SH downgraded Dynex Capital from a “buy” rating to a “neutral” rating and set a $18.21 price target for the company. in a report on Thursday, May 2nd. Zacks Investment Research upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded Dynex Capital from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Nomura started coverage on Dynex Capital in a report on Wednesday, March 27th. They set a “buy” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Dynex Capital presently has a consensus rating of “Hold” and a consensus target price of $20.12.

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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