Dynex Capital, Inc. (DX) To Go Ex-Dividend on November 23rd

Dynex Capital, Inc. (NYSE:DX) announced a monthly dividend on Tuesday, November 10th. Shareholders of record on Monday, November 23rd will be paid 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 yield of 19.6%. The ex-dividend date of this dividend is Monday, November 23rd.

Dynex Capital has a dividend 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 Down 1.9%

DX opened at $10.43 on Thursday. The firm’s 50 day moving average is $11.35 and its 200-day moving average is $12.77. Dynex Capital has a 52-week low of $10.31 and a 52-week high of $14.93. The firm has a market capitalization of $2.71 billion, a P/E ratio of 49.65 and a beta of 1.01.

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

About Dynex Capital

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.