Dynex Capital, Inc. to Issue Monthly Dividend of $0.15 (NYSE:DX)

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 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 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% 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 Trading Up 0.9 %

DX traded up $0.11 during midday trading on Tuesday, reaching $12.29. 1,661,981 shares of the company were exchanged, compared to its average volume of 2,044,021. 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 has a one year low of $11.36 and a one year high of $13.13. The stock’s 50-day simple moving average is $12.52 and its 200 day simple moving average 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 released its quarterly earnings data 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). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The firm had revenue of $83.46 million for the quarter, compared to the consensus estimate of $4.92 million. During the same period in the previous year, the business earned ($0.28) EPS. As a group, analysts forecast that Dynex Capital will post 1.03 earnings per share for the current fiscal 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.