Dynex Capital, Inc. (DX) to Distribute Monthly Dividend of $0.17 on July 1st

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Thursday, June 11th. Investors of record on Monday, June 22nd will be given a dividend of 0.17 per share by the real estate investment trust on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date is Monday, June 22nd.

Dynex Capital has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 5 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.

Dynex Capital Stock Up 0.1%

DX stock opened at $13.07 on Friday. The firm has a market capitalization of $2.81 billion, a PE ratio of 7.74 and a beta of 0.95. Dynex Capital has a twelve month low of $11.76 and a twelve month high of $14.93. The stock has a 50-day simple moving average of $13.18 and a two-hundred day simple moving average of $13.54.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). Dynex Capital had a net margin of 34.75% and a return on equity of 7.86%. The company had revenue of ($59.11) million for the quarter, compared to the consensus estimate of $67.37 million.

Dynex Capital Company Profile

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.