Dynex Capital, Inc. (DX) To Go Ex-Dividend on March 24th

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.17 per share by the real estate investment trust on Tuesday, April 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.51%. The ex-dividend date of this dividend is Monday, March 24th. This is a 13.3% increase from Dynex Capital’s previous monthly dividend of $0.15.

Dynex Capital has increased its dividend by an average of 120.9% per year over the last three years. Dynex Capital has a payout ratio of 137.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Dynex Capital to earn $1.97 per share next year, which means the company may not be able to cover its $2.04 annual dividend with an expected future payout ratio of 103.6%.

Dynex Capital Stock Down 0.3 %

Shares of DX stock opened at $14.06 on Friday. The firm’s fifty day moving average price is $13.50 and its two-hundred day moving average price is $12.85. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01. Dynex Capital has a 1 year low of $11.36 and a 1 year high of $14.52. The firm has a market capitalization of $1.27 billion, a P/E ratio of 9.56 and a beta of 1.35.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a negative return on equity of 2.24% and a net margin of 35.65%. On average, equities analysts predict that Dynex Capital will post 1.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DX shares. StockNews.com raised shares of Dynex Capital from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JMP Securities reissued a “market perform” rating on shares of Dynex Capital in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.

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.