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

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Thursday, January 23rd will be paid 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 14.12%. The ex-dividend date is Thursday, January 23rd.

Dynex Capital has raised its dividend payment by an average of 168.3% annually over the last three years. Dynex Capital has a payout ratio of 157.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Price Performance

Dynex Capital stock opened at $12.75 on Tuesday. The firm has a market capitalization of $1.01 billion, a PE ratio of 10.12 and a beta of 1.30. Dynex Capital has a 12-month low of $11.36 and a 12-month high of $13.13. The firm has a 50-day moving average price of $12.53 and a 200-day moving average price of $12.43. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

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