Dynex Capital, Inc. (DX) to Issue Monthly Dividend of $0.15 on February 3rd

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Thursday, January 23rd will be given 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 of this dividend is Thursday, January 23rd.

Dynex Capital has increased its dividend 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 research 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 Price Performance

DX opened at $12.29 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital has a 1-year low of $11.36 and a 1-year high of $13.13. The company has a 50-day moving average of $12.51 and a 200-day moving average of $12.41. The company 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 issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The firm had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same quarter last year, the firm posted ($0.28) earnings per share. Equities analysts expect 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.