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

Dynex Capital, Inc. (NYSE:DX - Get Free Report) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Shareholders 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 14.65%. 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. 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

Shares of Dynex Capital stock traded up $0.11 during trading hours on Tuesday, hitting $12.29. The company's stock had a trading volume of 1,661,981 shares, compared to its average volume of 2,044,021. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital has a 12-month low of $11.36 and a 12-month high of $13.13. The business has a 50 day moving average price of $12.51 and a two-hundred day moving average price of $12.41. The company has a market cap of $974.65 million, a PE ratio of 9.75 and a beta of 1.30.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.39). The business had revenue of $83.46 million during the quarter, compared to the consensus estimate of $4.92 million. Dynex Capital had a negative return on equity of 4.80% and a net margin of 28.83%. During the same quarter in the previous year, the company earned ($0.28) earnings per share. Analysts expect that Dynex Capital will post 1.03 earnings per share 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.