Dynex Capital, Inc. (DX) To Go Ex-Dividend on October 22nd

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Monday, October 12th. Stockholders of record on Thursday, October 22nd will be given a dividend of $0.17 per share by the real estate investment trust on Monday, November 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 18.8%. The ex-dividend date is Thursday, October 22nd.

Dynex Capital has a 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 Price Performance

NYSE:DX opened at $10.86 on Wednesday. The company has a 50-day moving average of $12.27 and a 200-day moving average of $12.78. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 9.56 and a beta of 0.98. Dynex Capital has a 52 week low of $10.36 and a 52 week high of $14.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%. The business had revenue of $302.75 million for the quarter, compared to analyst estimates of $103.62 million.

Insider Activity at Dynex Capital

In other news, CIO John Jr bought 2,500 shares of the stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $11.18 per share, with a total value of $27,950.00. Following the acquisition, the executive owned 58,695 shares in the company, valued at $656,210.10. This trade represents a 4.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Dynex Capital

Several institutional investors have recently added to or reduced their stakes in DX. BlackRock Inc. increased its holdings in Dynex Capital by 14.6% during the 2nd quarter. BlackRock Inc. now owns 18,437,985 shares of the real estate investment trust’s stock valued at $241,722,000 after purchasing an additional 2,355,906 shares in the last quarter. Callodine Capital Management LP bought a new position in Dynex Capital in the 1st quarter valued at $21,320,000. Segall Bryant & Hamill LLC acquired a new position in Dynex Capital in the first quarter worth $19,581,000. Royal Bank of Canada boosted its stake in Dynex Capital by 2,358.9% in the first quarter. Royal Bank of Canada now owns 1,531,103 shares of the real estate investment trust’s stock worth $19,537,000 after purchasing an additional 1,468,836 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Dynex Capital by 142.9% in the second quarter. Wellington Management Group LLP now owns 2,221,800 shares of the real estate investment trust’s stock worth $29,128,000 after purchasing an additional 1,307,100 shares in the last quarter. 38.34% of the stock is owned by institutional investors.

About Dynex Capital

Dynex Capital, Inc (NYSE: DX) is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.