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

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Tuesday, August 11th. Investors of record on Friday, August 21st will be given 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 is Friday, August 21st.

Dynex Capital has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 5 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 Trading Up 0.4%

DX traded up $0.06 during trading on Wednesday, hitting $12.98. 593,396 shares of the stock traded hands, compared to its average volume of 5,828,402. The firm has a market capitalization of $3.21 billion, a P/E ratio of 4.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a 50-day moving average of $12.98 and a 200 day moving average of $13.28. Dynex Capital has a 12-month low of $11.82 and a 12-month high of $14.93.

Dynex Capital (NYSE:DX) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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.

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.