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

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Monday, November 10th. Stockholders of record on Friday, November 21st will be paid a dividend of 0.17 per share by the real estate investment trust on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 15.1%. The ex-dividend date of this dividend is Friday, November 21st.

Dynex Capital has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 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. Equities research analysts expect Dynex Capital to earn $1.97 per share next year, which means the company may not be able to cover its $2.04 annual dividend with an expected future payout ratio of 103.6%.

Dynex Capital Price Performance

Shares of DX stock opened at $13.51 on Wednesday. The stock has a 50 day moving average price of $12.98 and a 200 day moving average price of $12.62. Dynex Capital has a 52-week low of $10.79 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.30 and a current ratio of 1.19. The firm has a market capitalization of $1.98 billion, a P/E ratio of 9.13 and a beta of 0.97.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.19). Dynex Capital had a return on equity of 6.65% and a net margin of 41.53%.The business had revenue of $421.91 million during the quarter, compared to analysts’ expectations of $32.06 million. As a group, sell-side analysts predict that Dynex Capital will post 1.94 earnings per share for the current 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.