Dynex Capital, Inc. (NYSE:DX) Announces Monthly Dividend of $0.17

Dynex Capital, Inc. (NYSE:DX – Get Free Report) declared a monthly dividend on Friday, September 11th. Investors of record on Monday, September 21st will be paid a dividend of 0.17 per share by the real estate investment trust on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend is Monday, September 21st.

Dynex Capital has raised its dividend payment by an average of 0.0%annually over the last three years and has raised 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.

Get Dynex Capital alerts:

Dynex Capital Trading Down 0.2%

DX opened at $12.54 on Friday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 4.77 and a beta of 0.96. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. Dynex Capital has a twelve month low of $11.82 and a twelve month high of $14.93. The company has a 50-day simple moving average of $12.96 and a 200 day simple moving average of $13.09.

Dynex Capital (NYSE:DX – Get Free Report) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $302.75 million during the quarter, compared to analysts’ expectations of $103.62 million. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%.

Dynex Capital Company Profile

(Get Free Report)

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that invests primarily in residential and commercial mortgage-backed securities. Its portfolio generally focuses on agency securities, which are issued or guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae.

The company finances its investments through repurchase agreements and other forms of secured borrowing and uses hedging strategies to manage interest-rate and financing risks.

Recommended Stories

• Five stocks we like better than Dynex Capital
• American Eagle Goes on Sale: Is It Time to Buy?
• MarketBeat Week in Review – 09/07 – 09/11
• Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
• Kroger’s Textbook Entry for Buy-and-Hold Investors

Receive News & Ratings for Dynex Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynex Capital and related companies with MarketBeat.com's FREE daily email newsletter.