5 High Growth Monthly Dividend Stocks to Buy

2. Dynex Capital, Inc. (NYSE:DX)

YoY Revenue Growth for the Most Recent Reported Quarter: 1,286%

Monthly Dividend per Share: 13 cents

Dynex Capital, Inc. (NYSE:DX) is a Virginia-based REIT that invests in mortgage loans and securities on a leveraged basis.

In an update issued to investors on January 9, Douglas Harter at Credit Suisse upgraded Dynex Capital, Inc. (NYSE:DX) stock from a Neutral to an Outperform rating and also increased the target price from $13.50 to $15.50. The target price reflects a potential upside of 13.2% from the closing price as of February 28. The analyst believes the current environment is favorable for agency-focused mortgage REITs due to the wide range of spreads. On the other hand, the weakness in the housing industry is expected to keep the credit spreads squeezed, which makes Dynex Capital, Inc. (NYSE:DX) stock an attractive play.