Dynex Capital, Inc. (DX) to Issue Monthly Dividend of $0.15 on February 3rd

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Thursday, January 23rd will be paid a dividend of 0.15 per share by the real estate investment trust on Monday, February 3rd. This represents a $1.80 annualized dividend and a dividend yield of 14.12%. The ex-dividend date is Thursday, January 23rd.

Dynex Capital has raised its dividend payment by an average of 168.3% annually over the last three years. Dynex Capital has a dividend payout ratio of 157.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Dynex Capital to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 96.3%.

Dynex Capital Stock Performance

Shares of DX opened at $12.75 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. Dynex Capital has a one year low of $11.36 and a one year high of $13.13. The firm has a market capitalization of $1.01 billion, a P/E ratio of 10.12 and a beta of 1.30. The business has a fifty day moving average of $12.53 and a 200 day moving average of $12.43.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.39). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The firm had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. During the same period in the previous year, the firm earned ($0.28) EPS. As a group, sell-side analysts anticipate that Dynex Capital will post 1.03 EPS for the current year.

Dynex Capital Company Profile

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.