Dynex Capital, Inc. Announces Monthly Dividend of $0.15 (NYSE:DX)

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Wednesday, December 11th,Wall Street Journal reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.15 per share by the real estate investment trust on Tuesday, January 7th. This represents a $1.80 annualized dividend and a yield of 14.18%. The ex-dividend date is Thursday, January 2nd.

Dynex Capital has a dividend payout ratio of 145.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Dynex Capital to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 96.3%.

Dynex Capital Price Performance

Shares of NYSE DX traded down $0.02 during midday trading on Thursday, reaching $12.69. 1,225,938 shares of the company traded hands, compared to its average volume of 1,573,894. The stock’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $12.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.20 and a current ratio of 1.20. Dynex Capital has a 12 month low of $11.36 and a 12 month high of $13.13. The firm has a market cap of $1.01 billion, a PE ratio of 10.09 and a beta of 1.31.

Dynex Capital (NYSE:DX) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.39). The firm had revenue of $83.46 million during the quarter, compared to analyst estimates of $4.92 million. Dynex Capital had a net margin of 28.83% and a negative return on equity of 4.80%. During the same quarter last year, the firm earned ($0.28) earnings per share. As a group, equities analysts anticipate that Dynex Capital will post 1.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Dynex Capital in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.

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.