Dynex Capital, Inc. (DX) to Issue Monthly Dividend of $0.17 on August 3rd

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Monday, July 13th. Stockholders of record on Thursday, July 23rd will be given a dividend of 0.17 per share by the real estate investment trust on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date of this dividend is Thursday, July 23rd.

Dynex Capital has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Dynex Capital has a payout ratio of 133.3% meaning 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 Down 1.6%

Shares of DX stock opened at $13.11 on Tuesday. The company has a market capitalization of $2.82 billion, a PE ratio of 7.76 and a beta of 0.95. The firm has a fifty day simple moving average of $13.03 and a 200-day simple moving average of $13.43. Dynex Capital has a twelve month low of $11.82 and a twelve month high of $14.93.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Dynex Capital had a net margin of 34.75% and a return on equity of 7.86%. The firm had revenue of ($59.11) million for the quarter, compared to analyst estimates of $67.37 million.

Institutional Investors Weigh In On Dynex Capital

Several hedge funds and other institutional investors have recently modified their holdings of DX. GAMMA Investing LLC lifted its position in shares of Dynex Capital by 98.5% during the fourth quarter. GAMMA Investing LLC now owns 1,870 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 928 shares during the last quarter. Federation des caisses Desjardins du Quebec acquired a new stake in Dynex Capital during the fourth quarter valued at approximately $28,000. Triumph Capital Management bought a new position in Dynex Capital during the 3rd quarter worth approximately $29,000. IMG Wealth Management Inc. bought a new position in Dynex Capital during the 4th quarter worth approximately $31,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Dynex Capital by 124.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,378 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,318 shares in the last quarter. Institutional investors own 38.34% of the company’s stock.

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.