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

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders of record on Thursday, January 23rd will be given 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 yield of 14.65%. The ex-dividend date of this dividend is Thursday, January 23rd.

Dynex Capital has raised its dividend 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 research 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 Performance

Shares of NYSE DX traded up $0.11 during trading on Tuesday, reaching $12.29. 1,660,442 shares of the stock traded hands, compared to its average volume of 2,000,687. The company has a 50-day moving average of $12.52 and a 200-day moving average of $12.41. Dynex Capital has a 52-week low of $11.36 and a 52-week high of $13.13. The stock has a market capitalization of $974.65 million, a P/E ratio of 9.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20.

Dynex Capital (NYSE:DX) last issued its earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. The business had revenue of $83.46 million for the quarter, compared to the consensus estimate of $4.92 million. During the same quarter in the prior year, the business earned ($0.28) EPS. Analysts forecast that Dynex Capital will post 1.03 EPS for the current fiscal year.

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.