Dynex Capital, Inc. (DX) to Distribute Monthly Dividend of $0.17 on October 1st

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Friday, September 11th. Stockholders of record on Monday, September 21st will be given a dividend of 0.17 per share by the real estate investment trust on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%. The ex-dividend date of this dividend is Monday, September 21st.

Dynex Capital has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 5 years. Dynex Capital has a 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 Down 0.8%

Shares of NYSE DX opened at $12.20 on Friday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 4.64 and a beta of 0.96. Dynex Capital has a 12-month low of $11.82 and a 12-month high of $14.93. The firm’s 50-day moving average price is $12.87 and its 200-day moving average price is $13.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01.

Dynex Capital (NYSE:DX) last announced its 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 analysts’ expectations 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 invests primarily in residential and commercial mortgage-backed securities. Its portfolio generally focuses on agency securities, which are issued or guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae.

The company finances its investments through repurchase agreements and other forms of secured borrowing and uses hedging strategies to manage interest-rate and financing risks.