10 Best Dividend Stocks with Over 9% Yield According to Analysts

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

Upside Potential as of August 12: 14.14%

Dividend Yield as of August 12: 12.83%

Dynex Capital, Inc. (NYSE:DX) is a Virginia-based real estate investment trust company that invests in mortgage-backed securities and other real estate assets. The company continued to implement its strategic plan aimed at providing steady dividend income through disciplined capital management. The company successfully raised capital at favorable rates and is positioned to capitalize on the historically wide spreads in the mortgage market. Emphasizing the importance of human capital, it made several crucial decisions to ensure future success.

Dynex Capital, Inc. (NYSE:DX) maintains a robust cash position for a dividend payer, as evidenced by its monthly dividend payments to shareholders, which have been consistently made since 2008. At the end of June, the company had over $286 million available in cash and cash equivalents, which grew from $120 million at the end of December 2023. The company’s trailing twelve-month operating cash flow came in at $28.4 million. It currently offers a monthly dividend of $0.13 per share and has a dividend yield of 12.83%, as of August 12.

Dynex Capital, Inc. (NYSE:DX) was a popular stock among elite funds in the first quarter of 2024 as hedge fund positions in the company grew to 13, from 6 in the preceding quarter, according to Insider Monkey’s database. These stakes are valued at over $87.3 million collectively. Among these hedge funds, Balyasny Asset Management was the company’s leading stakeholder in Q1.