Dynex Capital, Inc. (NYSE:DX) Shareholders Set to Receive $0.17 Monthly Dividend

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Monday, October 12th. Stockholders of record on Thursday, October 22nd will be paid a dividend of $0.17 per share by the real estate investment trust on Monday, November 2nd. This represents a $2.04 annualized dividend and a dividend yield of 18.7%. The ex-dividend date of this dividend is Thursday, October 22nd.

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.

Dynex Capital Stock Performance

Dynex Capital stock opened at $10.89 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $12.31 and a 200-day moving average of $12.80. The firm has a market cap of $2.70 billion, a P/E ratio of 4.14 and a beta of 0.98. Dynex Capital has a 1-year low of $10.36 and a 1-year high of $14.93.

Dynex Capital (NYSE:DX) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%. The firm had revenue of $302.75 million for the quarter, compared to analysts’ expectations of $103.62 million.

Insider Buying and Selling at Dynex Capital

In other news, CIO John Jr acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was bought at an average cost of $11.18 per share, for a total transaction of $27,950.00. Following the acquisition, the executive directly owned 58,695 shares in the company, valued at approximately $656,210.10. The trade was a 4.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.76% of the stock is owned by company insiders.

Institutional Trading of Dynex Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Integrity Alliance LLC. lifted its stake in Dynex Capital by 6.9% during the 2nd quarter. Integrity Alliance LLC. now owns 16,683 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 1,081 shares during the period. IMG Wealth Management Inc. grew its stake in shares of Dynex Capital by 55.9% in the first quarter. IMG Wealth Management Inc. now owns 3,410 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,222 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Dynex Capital by 10.4% in the second quarter. Pictet Asset Management Holding SA now owns 23,872 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 2,245 shares during the period. Versant Capital Management Inc raised its holdings in shares of Dynex Capital by 891.8% during the second quarter. Versant Capital Management Inc now owns 2,896 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,604 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Dynex Capital by 5.1% during the second quarter. Allworth Financial LP now owns 55,923 shares of the real estate investment trust’s stock valued at $733,000 after purchasing an additional 2,689 shares during the last quarter. Institutional investors own 38.34% of the company’s stock.

About Dynex Capital

Dynex Capital, Inc (NYSE: DX) is a mortgage real estate investment trust that invests in mortgage-related assets. Its portfolio primarily consists of agency mortgage-backed securities, including securities backed by residential and commercial mortgages, as well as other mortgage assets.

The company uses financing arrangements, including repurchase agreements, to support its investment activities and seeks to generate income from the spread between the returns on its investments and its financing and operating costs.