Dynex Capital, Inc. (NYSE:DX – Get Free Report) announced a monthly dividend on Friday, July 12th, Wall Street Journal reports. Investors of record on Tuesday, July 23rd will be given a dividend of 0.13 per share by the real estate investment trust on Thursday, August 1st. This represents a $1.56 annualized dividend and a dividend yield of 12.65%. The ex-dividend date is Tuesday, July 23rd.
Dynex Capital has a payout ratio of 247.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Dynex Capital to earn $1.27 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 122.8%.
Dynex Capital Stock Performance
DX stock opened at $12.33 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The firm has a market cap of $791.71 million, a P/E ratio of 10.54 and a beta of 1.34. Dynex Capital has a 12-month low of $9.57 and a 12-month high of $13.56. The stock’s 50 day simple moving average is $12.09 and its 200 day simple moving average is $12.19.
Wall Street Analysts Forecast Growth
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.
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