Dynex Capital, Inc. (DX) to Issue Monthly Dividend of $0.17 on May 1st

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Monday, April 13th. Investors of record on Thursday, April 23rd will be given a dividend of 0.17 per share by the real estate investment trust on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 14.9%. The ex-dividend date is Thursday, April 23rd.

Dynex Capital has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Dynex Capital has a dividend 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.

Dynex Capital Trading Up 0.6%

NYSE DX opened at $13.69 on Tuesday. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 6.71 and a beta of 0.99. The firm’s 50 day simple moving average is $13.34 and its 200 day simple moving average is $13.61. Dynex Capital has a 1 year low of $11.22 and a 1 year high of $14.93.

Dynex Capital (NYSE:DX) last posted its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $79.25 million for the quarter, compared to analyst estimates of $67.37 million. Dynex Capital had a return on equity of 6.83% and a net margin of 59.80%.

Dynex Capital Company Profile

Dynex Capital, Inc is a mortgage real estate investment trust (REIT) that specializes in acquiring and managing mortgage-related assets. The company’s primary business involves investing in residential mortgage-backed securities (RMBS), including agency-backed pools issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae, as well as selected non-agency RMBS. Dynex Capital seeks to generate net interest income by earning interest on its portfolio while employing leverage through secured repurchase agreements and other debt facilities.

In pursuing its investment objectives, Dynex Capital manages portfolio duration and interest rate exposures, with a focus on preserving capital and optimizing yield over the economic cycle.