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

Dynex Capital, Inc. (NYSE:DX) declared 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 dividend on an annualized basis and a dividend yield of 14.65%. The ex-dividend date of this dividend is Thursday, January 23rd.

Dynex Capital has raised its dividend by an average of 168.3% per year over the last three years. Dynex Capital has a payout ratio of 157.9% indicating that 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 Stock Up 0.9 %

NYSE DX traded up $0.11 during trading on Tuesday, hitting $12.29. The stock had a trading volume of 1,661,981 shares, compared to its average volume of 2,044,021. The company has a market capitalization of $974.65 million, a PE ratio of 9.75 and a beta of 1.30. Dynex Capital has a 12 month low of $11.36 and a 12 month high of $13.13. The company’s 50-day moving average price is $12.52 and its two-hundred day moving average price is $12.41. 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 (NYSE:DX) last announced its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.39). The business had revenue of $83.46 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted ($0.28) EPS. As a group, sell-side analysts forecast that Dynex Capital will post 1.03 EPS for the current year.

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.