Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Tuesday, October 12th, Zacks reports. Investors of record on Friday, October 22nd will be given a dividend of 0.13 per share by the real estate investment trust on Monday, November 1st. This represents a $1.56 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend is Thursday, October 21st.
Dynex Capital has decreased its dividend by 23.2% over the last three years and has increased its dividend every year for the last 2 years. Dynex Capital has a dividend payout ratio of 80.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Dynex Capital to earn $1.91 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 81.7%.
DX stock opened at $17.84 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $17.57 and its 200 day moving average is $18.58. The stock has a market cap of $617.12 million, a price-to-earnings ratio of 2.98 and a beta of 1.24. Dynex Capital has a 1-year low of $15.49 and a 1-year high of $20.51.
An institutional investor recently raised its position in Dynex Capital stock. Morgan Stanley raised its holdings in shares of Dynex Capital, Inc. (NYSE:DX) by 393.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 252,291 shares of the real estate investment trust’s stock after acquiring an additional 201,126 shares during the period. Morgan Stanley owned about 0.73% of Dynex Capital worth $4,709,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 46.72% of the company’s stock.
Dynex Capital Company Profile
Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage-backed securities on a leveraged basis. It primarily invests in Agency and non-Agency mortgage-backed securities (MBS) consisting of residential MBS (RMBS), commercial MBS (CMBS), and CMBS interest-only (IO) securities.
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