Dynex Capital Inc (NYSE:DX) declared a quarterly dividend on Tuesday, December 12th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.18 per share by the real estate investment trust on Wednesday, January 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Thursday, December 28th.

Dynex Capital has decreased its dividend payment by an average of 8.6% annually over the last three years. Dynex Capital has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Dynex Capital to earn $0.71 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 101.4%.

Dynex Capital (NYSE DX) traded up $0.01 during midday trading on Tuesday, hitting $7.16. 524,900 shares of the stock were exchanged, compared to its average volume of 333,568. Dynex Capital has a 1-year low of $6.58 and a 1-year high of $7.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $382.11, a P/E ratio of 9.79 and a beta of 0.81.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. Dynex Capital had a net margin of 86.86% and a return on equity of 11.08%. The business had revenue of $13.21 million for the quarter, compared to the consensus estimate of $15.36 million. During the same period in the prior year, the business posted $0.20 earnings per share. Dynex Capital’s revenue for the quarter was down 12.3% compared to the same quarter last year. analysts anticipate that Dynex Capital will post 0.72 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the stock. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $7.50 price target on shares of Dynex Capital in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.25 price target on shares of Dynex Capital in a research note on Friday, October 6th. BidaskClub raised shares of Dynex Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research downgraded shares of Dynex Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.38.

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Dynex Capital Company Profile

Dynex Capital, Inc is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation.

Dividend History for Dynex Capital (NYSE:DX)

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