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

Dynex Capital, Inc. (NYSE:DX – Get Free Report) announced a monthly dividend on Monday, October 12th. Investors of record on Thursday, October 22nd will be paid a dividend of $0.17 per share by the real estate investment trust on Monday, November 2nd. This represents a $2.04 annualized dividend and a dividend yield of 18.7%. The ex-dividend date is Thursday, October 22nd.

Dynex Capital has a payout ratio of 133.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

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Dynex Capital Trading Up 0.3%

NYSE DX opened at $10.89 on Tuesday. The business has a 50 day simple moving average of $12.31 and a 200 day simple moving average of $12.80. Dynex Capital has a one year low of $10.36 and a one year high of $14.93. The stock has a market capitalization of $2.70 billion, a P/E ratio of 4.14 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16.

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

About Dynex Capital

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Dynex Capital, Inc (NYSE: DX) is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.

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