Dynex Capital, Inc. (DX) To Go Ex-Dividend on January 21st

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Monday, January 12th. Stockholders 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) annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Wednesday, January 21st.

Dynex Capital has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Dynex Capital has a payout ratio of 133.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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

DX opened at $14.66 on Monday. Dynex Capital has a 1 year low of $10.79 and a 1 year high of $14.67. The company’s 50 day simple moving average is $13.84 and its 200 day simple moving average is $13.12. The stock has a market capitalization of $2.15 billion, a PE ratio of 9.91 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.19 and a current ratio of 1.19.

Dynex Capital (NYSE:DX) last issued its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.19). The company had revenue of $421.91 million for the quarter, compared to analyst estimates of $32.06 million. Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%. As a group, sell-side analysts expect that Dynex Capital will post 1.94 EPS for the current 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.