Dynex Capital, Inc. (NYSE:DX) Plans Monthly Dividend of $0.17

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Monday, January 12th. Investors of record on Wednesday, January 21st will be paid a dividend of 0.17 per share by the real estate investment trust on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date of this dividend is Wednesday, January 21st.

Dynex Capital has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Dynex Capital has a dividend payout ratio of 133.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Dynex Capital to earn $1.97 per share next year, which means the company may not be able to cover its $2.04 annual dividend with an expected future payout ratio of 103.6%.

Dynex Capital Price Performance

Shares of NYSE:DX traded down $0.03 on Tuesday, reaching $14.03. 5,778,775 shares of the company traded hands, compared to its average volume of 7,664,862. The company’s 50 day moving average is $13.78 and its 200-day moving average is $13.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $2.06 billion, a PE ratio of 9.48 and a beta of 0.98. Dynex Capital has a fifty-two week low of $10.79 and a fifty-two week high of $14.52.

Dynex Capital (NYSE:DX) last announced its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). Dynex Capital had a net margin of 41.53% and a return on equity of 6.65%. The company had revenue of $421.91 million for the quarter, compared to analysts’ expectations of $32.06 million. As a group, analysts anticipate that Dynex Capital will post 1.94 earnings per share for the current fiscal year.

About Dynex Capital

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.