Dynex Capital, Inc. (NYSE:DX - Get Free Report) declared a monthly dividend on Friday, May 10th, Zacks reports. Shareholders of record on Thursday, May 23rd will be given a dividend of 0.13 per share by the real estate investment trust on Monday, June 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 12.59%. The ex-dividend date is Wednesday, May 22nd.
Dynex Capital has a dividend payout ratio of 260.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Dynex Capital Stock Up 0.6 %
Shares of DX traded up $0.07 during midday trading on Friday, hitting $12.39. The company had a trading volume of 992,084 shares, compared to its average volume of 1,292,250. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The stock has a market cap of $794.94 million, a price-to-earnings ratio of 10.59 and a beta of 1.33. Dynex Capital has a 52 week low of $9.57 and a 52 week high of $13.56. The company's 50 day moving average price is $12.12 and its 200 day moving average price is $12.00.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. JMP Securities reiterated a "market perform" rating on shares of Dynex Capital in a research report on Thursday, April 18th. Jonestrading reiterated a "buy" rating and set a $14.00 target price on shares of Dynex Capital in a research note on Monday, April 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Dynex Capital from $13.50 to $12.25 and set an "outperform" rating on the stock in a research report on Tuesday, April 23rd. Finally, Compass Point started coverage on shares of Dynex Capital in a report on Friday, April 12th. They issued a "buy" rating and a $14.50 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $13.31.
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About Dynex Capital
(
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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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