Dynex Capital, Inc. (NYSE:DX) is among the 13 highest paying monthly dividend stocks to buy. Keefe Bruyette raised its price target on DX to $14.50 and maintained an Outperform rating. Dynex’s stock yields about 14.87%, with consistent dividend payments since 2008.

DX has seen over 9% growth this year, with a total economic return of 10.3% for the quarter. The company’s common equity market cap now exceeds $1.8 billion, reflecting new capital raised and increased investor confidence. The portfolio has grown about 10% since Q2, with over $1 billion in liquidity.

Dynex Capital, Inc. is a mortgage REIT focused on residential mortgage-backed securities. While DX offers potential as an investment, certain AI stocks may offer greater upside potential. For more information on undervalued AI stocks, see the free report on the best short-term AI stock.

For more information, check out the Dividend Achievers List: Top 16 Stocks and 13 Top Tech Stocks Paying Consistent Dividends. Disclosure: None.

Read more at Yahoo Finance: Keefe Bruyette Reaffirms Bullish Agency REIT Stance, Raises Dynex (DX) Target