Dynex Capital Inc (NYSE:DX) declared a quarterly dividend on Thursday, March 23rd. Shareholders of record on Wednesday, April 5th will be paid a dividend of 0.18 per share on Friday, April 28th. This represents a $0.72 annualized dividend and a yield of 10.16%. The ex-dividend date is Monday, April 3rd.
Dynex Capital (NYSE:DX) opened at 7.09 on Friday. Dynex Capital has a one year low of $6.33 and a one year high of $7.61. The firm has a market cap of $348.77 million, a P/E ratio of 10.26 and a beta of 0.83. The firm’s 50-day moving average price is $6.85 and its 200 day moving average price is $6.90.
Dynex Capital (NYSE:DX) last released its quarterly earnings data on Wednesday, February 15th. The company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. Dynex Capital had a return on equity of 13.20% and a net margin of 6.95%. The business had revenue of $16.11 million for the quarter, compared to analysts’ expectations of $15.10 million. During the same quarter in the previous year, the business posted $0.25 EPS. Dynex Capital’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, equities research analysts forecast that Dynex Capital will post $0.78 EPS for the current year.
Several research firms have recently weighed in on DX. TheStreet upgraded Dynex Capital from a “d” rating to a “c” rating in a report on Wednesday, February 15th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Dynex Capital in a report on Thursday, March 23rd. Finally, JMP Securities cut Dynex Capital from a “market outperform” rating to a “market perform” rating in a research note on Friday, January 13th. Five research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $7.13.
About Dynex Capital
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.