Dynex Capital, Inc. (NYSE:DX) to Issue Monthly Dividend of $0.15

Dynex Capital, Inc. (NYSE:DX - Get Free Report) declared 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 annualized dividend and a yield of 13.07%. The ex-dividend date of this dividend is Monday, February 24th.

Dynex Capital has increased its dividend by an average of 120.9% per year over the last three years. Dynex Capital has a dividend payout ratio of 121.6% indicating that 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 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 2.3 %

DX traded up $0.31 during trading on Monday, hitting $13.78. The company's stock had a trading volume of 3,780,641 shares, compared to its average volume of 2,468,650. Dynex Capital has a twelve month low of $11.36 and a twelve month high of $13.82. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average price is $12.78 and its 200-day moving average price is $12.55. The firm has a market capitalization of $1.09 billion, a P/E ratio of 9.37 and a beta of 1.31.

Dynex Capital (NYSE:DX - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. Analysts anticipate that Dynex Capital will post 1.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on DX. JMP Securities restated 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Dynex Capital currently has a consensus rating of "Moderate Buy" and a consensus price target 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.