Dynex Capital, Inc. (NYSE:DX – Get Free Report) declared a monthly dividend on Monday, July 15th, Wall Street Journal reports. Investors of record on Tuesday, July 23rd will be given a dividend of 0.13 per share by the real estate investment trust on Thursday, August 1st. This represents a $1.56 annualized dividend and a yield of 12.51%. The ex-dividend date is Tuesday, July 23rd.
Dynex Capital has a dividend payout ratio of 283.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Dynex Capital to earn $1.27 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 122.8%.
Dynex Capital Stock Up 1.0 %
Dynex Capital stock traded up $0.12 during midday trading on Monday, hitting $12.47. 1,609,378 shares of the company were exchanged, compared to its average volume of 1,350,715. The company’s fifty day moving average price is $12.07 and its 200-day moving average price is $12.19. The company has a market cap of $800.70 million, a PE ratio of 10.61 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. Dynex Capital has a fifty-two week low of $9.57 and a fifty-two week high of $13.56.
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About Dynex Capital
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.
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