Dynex Capital, Inc. (NYSE:DX – Get Free Report) announced a monthly dividend on Monday, May 11th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.17 per share by the real estate investment trust on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 15.3%. The ex-dividend date is Thursday, May 21st.
Dynex Capital has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 5 years. Dynex Capital has a payout ratio of 133.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Dynex Capital Stock Performance
NYSE:DX opened at $13.37 on Tuesday. The stock has a fifty day moving average price of $13.23 and a 200-day moving average price of $13.65. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 7.91 and a beta of 0.97. Dynex Capital has a fifty-two week low of $11.70 and a fifty-two week high of $14.93.
About Dynex Capital
Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.
In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.
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