In this article, we discuss 5 value stocks with high dividend yields. If you want to check out more stocks in this list, see 10 Value Stocks with High Dividend Yields.
5. Dynex Capital, Inc. (NYSE:DX)
Dividend Yield as of May 11: 9.60%
P/E Ratio as of May 11: 6.90
Number of Hedge Fund Holders: 4
Dynex Capital, Inc. (NYSE:DX) is a Virginia-based mortgage real estate investment trust that deals in leveraged mortgage-backed securities in the United States. Most of Dynex Capital, Inc. (NYSE:DX)’s securities are sponsored by US government agencies or entities like Fannie Mae and Freddie Mac.
On April 12, Dynex Capital, Inc. (NYSE:DX) declared a $0.13 per share monthly dividend, in line with previous. The dividend was distributed on May 2, to shareholders of the company as of April 22. Dynex Capital, Inc. (NYSE:DX)’s dividend yield on May 11 stood at 9.60%.
JonesTrading analyst Jason Stewart on April 28 reiterated a Buy recommendation on Dynex Capital, Inc. (NYSE:DX) but lowered the firm’s price target on the shares to $19 from $20. The company’s Q1 book value was “strong” and its leverage will keep on increasing through 2022 as it deploys “dry powder into a wider spread environment”, the analyst told investors in a research note. He cut the price target on Dynex Capital, Inc. (NYSE:DX) shares to account for the “high degree of macro uncertainty”, but said that it still represents a 40% total return opportunity.
Billionaire Ken Griffin’s Citadel Investment Group is the largest shareholder of Dynex Capital, Inc. (NYSE:DX) as of Q4 2021, with 86,657 shares worth $1.4 million. Overall, 4 hedge funds placed long bets on the stock at the end of the December quarter.