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

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Tuesday, August 11th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.17 per share by the real estate investment trust on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 15.7%. The ex-dividend date of this dividend is Friday, August 21st.

Dynex Capital has increased its dividend payment by an average of 0.0%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% indicating that 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 Performance

Shares of NYSE:DX traded up $0.06 during trading on Wednesday, hitting $12.98. 764,677 shares of the company were exchanged, compared to its average volume of 5,828,402. The company has a market cap of $3.21 billion, a PE ratio of 4.93 and a beta of 0.96. The stock has a 50 day moving average of $12.98 and a 200 day moving average of $13.28. Dynex Capital has a 52-week low of $11.82 and a 52-week high of $14.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $302.75 million during the quarter, compared to analyst estimates of $103.62 million. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

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.