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

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Thursday, June 11th. Stockholders of record on Monday, June 22nd will be paid 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 15.8%. The ex-dividend date is Monday, June 22nd.

Dynex Capital has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. 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 Stock Up 1.1%

Shares of NYSE DX opened at $12.91 on Friday. Dynex Capital has a twelve month low of $11.76 and a twelve month high of $14.93. The stock’s 50 day moving average price is $13.15 and its 200-day moving average price is $13.57. The company has a market capitalization of $2.78 billion, a PE ratio of 7.64 and a beta of 0.95.

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