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

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Wednesday, February 12th, Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.15 per share by the real estate investment trust on Monday, March 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 12.80%. The ex-dividend date of this dividend is Monday, February 24th.

Dynex Capital has increased its dividend payment by an average of 120.9% annually over the last three years. Dynex Capital has a payout ratio of 121.6% 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 $1.97 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 91.4%.

Dynex Capital Trading Up 1.4 %

Shares of NYSE:DX opened at $14.07 on Friday. Dynex Capital has a 12-month low of $11.36 and a 12-month high of $14.21. The business’s fifty day simple moving average is $12.87 and its 200-day simple moving average is $12.59. The company has a market capitalization of $1.12 billion, a PE ratio of 9.57 and a beta of 1.31. 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 (NYSE:DX) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. As a group, equities research analysts predict that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DX. JMP Securities reiterated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. StockNews.com upgraded Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.56.

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.