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

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Wednesday, December 11th,Wall Street Journal reports. Investors of record on Thursday, January 2nd will be paid a dividend of 0.15 per share by the real estate investment trust on Tuesday, January 7th. This represents a $1.80 annualized dividend and a yield of 14.38%. The ex-dividend date is Thursday, January 2nd.

Dynex Capital has a dividend payout ratio of 145.2% 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 $1.87 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 Down 0.4 %

Shares of DX stock opened at $12.52 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $992.89 million, a PE ratio of 9.94 and a beta of 1.31. The business’s fifty day moving average is $12.49 and its 200-day moving average is $12.36. Dynex Capital has a 1 year low of $11.36 and a 1 year high of $13.13.

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 business had revenue of $83.46 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.28) earnings per share. Equities analysts expect 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.