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

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Stockholders of record on Thursday, January 23rd will be paid 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 increased its dividend payment by an average of 168.3% per year over the last three years. Dynex Capital has a dividend 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 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 %

DX traded up $0.11 during midday trading on Tuesday, reaching $12.29. 1,660,442 shares of the company were exchanged, compared to its average volume of 2,000,687. The company has a market cap of $974.65 million, a price-to-earnings 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 company’s fifty day moving average price is $12.52 and its 200 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 released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The company had revenue of $83.46 million during the quarter, compared to analysts’ expectations 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. As a group, analysts expect 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.