Dynex Capital, Inc. (DX) To Go Ex-Dividend on August 21st

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Tuesday, August 11th. Investors of record on Friday, August 21st will be paid a dividend of 0.17 per share by the real estate investment trust on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 15.7%. The ex-dividend date is Friday, August 21st.

Dynex Capital has increased its dividend payment by an average of 0.0%annually 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% 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 Stock Performance

Shares of NYSE DX opened at $12.98 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 4.94 and a beta of 0.96. The stock’s fifty day moving average price is $12.98 and its two-hundred day moving average price is $13.27. Dynex Capital has a one year low of $11.82 and a one year high of $14.93.

Dynex Capital (NYSE:DX) last issued its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $302.75 million during the quarter, compared to analysts’ expectations of $103.62 million. Dynex Capital had a net margin of 49.18% and a return on equity of 8.85%.

About Dynex Capital

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.