Dynex Capital, Inc. (DX) To Go Ex-Dividend on September 23rd

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Thursday, September 12th, Zacks reports. Investors of record on Monday, September 23rd will be given a dividend of 0.13 per share by the real estate investment trust on Tuesday, October 1st. This represents a $1.56 annualized dividend and a dividend yield of 12.24%. The ex-dividend date of this dividend is Monday, September 23rd.

Dynex Capital has a payout ratio of 138.1% 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 $1.43 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 109.1%.

Dynex Capital Stock Performance

NYSE:DX opened at $12.75 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $952.55 million, a P/E ratio of 10.90 and a beta of 1.33. The firm has a 50-day moving average price of $12.32 and a two-hundred day moving average price of $12.18. Dynex Capital has a twelve month low of $9.57 and a twelve month high of $13.40.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). Dynex Capital had a negative return on equity of 6.08% and a net margin of 4.63%. The business had revenue of $76.05 million for the quarter. During the same period last year, the business posted ($0.27) earnings per share. As a group, research analysts expect that Dynex Capital will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DX. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. StockNews.com lowered shares of Dynex Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Janney Montgomery Scott assumed coverage on shares of Dynex Capital in a report on Thursday, June 6th. They set a “buy” rating and a $13.50 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.35.

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.