Dynex Capital Declares Quarterly Dividend of $0.29 (DX)

Dynex Capital (NYSE:DX) declared a quarterly dividend on Thursday, June 13th, AnalystRatingsNetwork reports. Investors of record on Friday, June 28th will be given a dividend of $0.29 per share on Wednesday, July 31st. This represents a $1.16 dividend on an annualized basis and a yield of 11.07%.

On a related note, analysts at Ladenburg Thalmann raised their price target on shares of Dynex Capital from $11.00 to $11.50 in a research note to investors on Monday, April 1st. They now have a “buy” rating on the stock.

Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.03.

Dynex Capital (NYSE: DX) traded up 4.28% on Thursday, hitting $10.48. Dynex Capital has a 1-year low of $8.66 and a 1-year high of $11.06. The stock’s 50-day moving average is currently $10.58. The company has a market cap of $575.8 million and a price-to-earnings ratio of 7.40.

Dynex Capital (NYSE: DX) last announced its earnings results on Wednesday, May 1st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. During the same quarter in the previous year, the company posted $0.33 earnings per share.

Dynex Capital, Inc. is a real estate investment trust (NYSE: DX), which invests in mortgage securities and loans on a leveraged basis.

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