Dynex Capital Inc (DX) to Issue $0.06 Monthly Dividend

Dynex Capital Inc (NYSE:DX) declared a monthly dividend on Wednesday, March 13th, Wall Street Journal reports. Stockholders of record on Friday, March 22nd will be paid a dividend of 0.06 per share by the real estate investment trust on Monday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 11.96%. The ex-dividend date is Thursday, March 21st.

Dynex Capital has decreased its dividend by an average of 9.5% annually over the last three years. Dynex Capital has a dividend payout ratio of 101.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Dynex Capital to earn $0.72 per share next year, which means the company may not be able to cover its $0.72 annual dividend with an expected future payout ratio of 100.0%.

Shares of Dynex Capital stock opened at $6.02 on Thursday. The company has a market cap of $427.74 million, a PE ratio of 8.25 and a beta of 0.59. Dynex Capital has a 1-year low of $5.57 and a 1-year high of $6.82.



Dynex Capital (NYSE:DX) last released its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Dynex Capital had a net margin of 6.38% and a return on equity of 14.22%. The business had revenue of $12.96 million during the quarter. Research analysts predict that Dynex Capital will post 0.7 earnings per share for the current year.

In other Dynex Capital news, CFO Stephen J. Benedetti acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were purchased at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the completion of the acquisition, the chief financial officer now owns 277,387 shares of the company’s stock, valued at approximately $1,636,583.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Byron L. Boston acquired 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The stock was acquired at an average price of $5.90 per share, for a total transaction of $100,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 611,545 shares of the company’s stock, valued at approximately $3,608,115.50. The disclosure for this purchase can be found here. Insiders purchased 31,542 shares of company stock worth $186,098 over the last quarter. 3.96% of the stock is currently owned by insiders.

A number of research firms recently commented on DX. Zacks Investment Research cut Dynex Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. TheStreet cut Dynex Capital from a “c” rating to a “d+” rating in a report on Friday, February 8th.

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About Dynex Capital

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.

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Dividend History for Dynex Capital (NYSE:DX)

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