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Dynex Capital, Inc. (NYSE:DX) Declares $0.17 Aug 25 Dividend

Dynex Capital logo with Finance background

Key Points

  • Dynex Capital, Inc. has declared a dividend of $0.17 per share to be paid on September 2nd for shareholders of record on August 22nd.
  • The company has a dividend payout ratio of 133.3%, indicating that it is currently relying on its balance sheet rather than earnings to cover dividends, and future estimates suggest it may struggle to maintain this payout level.
  • Analysts have mixed views on Dynex Capital's stock, with recommendations ranging from "buy" to "sell," and an average price target of $12.83.
  • Interested in Dynex Capital? Here are five stocks we like better.

Dynex Capital, Inc. (NYSE:DX - Get Free Report) declared a aug 25 dividend on Monday, August 11th, RTT News reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.17 per share by the real estate investment trust on Tuesday, September 2nd. This represents a yield of 1,650.0%. The ex-dividend date is Friday, August 22nd.

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. 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

NYSE:DX remained flat at $12.57 during mid-day trading on Friday. The company had a trading volume of 2,628,776 shares, compared to its average volume of 3,942,005. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 16.12 and a beta of 0.91. The firm's 50-day moving average is $12.47 and its 200 day moving average is $12.71. Dynex Capital has a 52 week low of $10.79 and a 52 week high of $14.52.

Dynex Capital (NYSE:DX - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.27). The company had revenue of $23.13 million during the quarter, compared to analysts' expectations of $21.20 million. Dynex Capital had a return on equity of 4.19% and a net margin of 17.27%. As a group, analysts forecast that Dynex Capital will post 1.94 EPS for the current year.

Dynex Capital Company Profile

(Get Free Report)

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.

See Also

Dividend History for Dynex Capital (NYSE:DX)

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