Dynex Capital, Inc. (NYSE:DX) Announces $0.15 Monthly Dividend

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Shareholders of record on Thursday, January 23rd will be paid a dividend of 0.15 per share by the real estate investment trust on Monday, February 3rd. This represents a $1.80 annualized dividend and a yield of 14.65%. The ex-dividend date is Thursday, January 23rd.

Dynex Capital has increased its dividend payment by an average of 168.3% per year over the last three years. Dynex Capital has a payout ratio of 157.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Dynex Capital to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 96.3%.

Dynex Capital Stock Performance

Shares of DX opened at $12.29 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50 day moving average is $12.51 and its 200-day moving average is $12.41. Dynex Capital has a 12-month low of $11.36 and a 12-month high of $13.13. The stock has a market capitalization of $974.65 million, a P/E ratio of 9.75 and a beta of 1.30.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.39). The firm had revenue of $83.46 million during the quarter, compared to analysts’ expectations of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same period last year, the business earned ($0.28) earnings per share. Equities research analysts anticipate that Dynex Capital will post 1.03 EPS for the current fiscal year.

Dynex Capital Company Profile

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.