Dynex Capital, Inc. (NYSE:DX) Stock to Pay Monthly Dividend of $0.17

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Tuesday, November 10th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.17 per share by the real estate investment trust on Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 19.6%. The ex-dividend date of this dividend is Monday, November 23rd.

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 Stock Performance

Shares of Dynex Capital stock traded down $0.23 on Wednesday, reaching $10.40. 747,510 shares of the company were exchanged, compared to its average volume of 6,027,115. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 49.46 and a beta of 1.01. Dynex Capital has a 1-year low of $10.31 and a 1-year high of $14.93. The company’s 50-day moving average is $11.39 and its two-hundred day moving average is $12.79.

Dynex Capital (NYSE:DX) last released its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Dynex Capital had a negative net margin of 4.65% and a positive return on equity of 10.30%. The company had revenue of $101.56 million for the quarter, compared to analyst estimates of $113.48 million.

Dynex Capital Company Profile

Dynex Capital, Inc. is a mortgage real estate investment trust (REIT) that invests primarily in mortgage-backed securities issued or guaranteed by U.S. government agencies. Its portfolio includes securities backed by residential and commercial mortgages. The company manages its portfolio of mortgage assets and related financing with the goal of generating income for shareholders. Its investments are primarily tied to the U.S. mortgage market. Founded in 1987, Dynex Capital is based in Glen Allen, Virginia.