Dynex Capital, Inc. (DX) To Go Ex-Dividend on October 22nd

Dynex Capital, Inc. (NYSE:DX) declared a monthly dividend on Monday, October 12th. Shareholders 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 yield of 19.3%. The ex-dividend date of this dividend is Thursday, October 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.

Dynex Capital Stock Down 3.3%

NYSE DX opened at $10.57 on Tuesday. The stock has a fifty day moving average of $12.11 and a 200-day moving average of $12.74. The stock has a market capitalization of $2.62 billion, a P/E ratio of 4.02 and a beta of 0.98. Dynex Capital has a 52 week low of $10.31 and a 52 week high of $14.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.16.

Dynex Capital (NYSE:DX) last posted 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). The company had revenue of $101.56 million during the quarter, compared to the consensus estimate of $113.48 million. Dynex Capital had a return on equity of 8.85% and a net margin of 49.18%.

Insider Activity

In related news, CIO John Jr purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were bought at an average price of $11.18 per share, for a total transaction of $27,950.00. Following the completion of the transaction, the executive owned 58,695 shares of the company’s stock, valued at approximately $656,210.10. This trade represents a 4.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Parisi Gray Wealth Management purchased a new position in Dynex Capital in the third quarter valued at approximately $151,000. Firethorn Wealth Partners LLC bought a new stake in shares of Dynex Capital in the third quarter valued at $144,000. Focus Financial Network Inc. purchased a new position in shares of Dynex Capital during the 3rd quarter valued at $139,000. Fermata Advisors LLC lifted its position in shares of Dynex Capital by 47.2% during the 3rd quarter. Fermata Advisors LLC now owns 25,386 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 8,136 shares during the last quarter. Finally, WoodTrust Financial Corp grew its stake in shares of Dynex Capital by 13.3% during the 3rd quarter. WoodTrust Financial Corp now owns 34,000 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 4,000 shares during the period. 38.34% of the stock is currently owned by institutional investors and hedge funds.

Dynex Capital Company Profile

Dynex Capital, Inc (NYSE: DX) is an internally managed real estate investment trust that invests in mortgage-related assets. The company primarily focuses on agency mortgage-backed securities, including securities backed by the U.S. government or government-sponsored enterprises, as well as selected non-agency residential and commercial mortgage-backed securities.

Dynex Capital uses financing and other investment strategies to generate income from its portfolio of mortgage assets. Its investments are tied primarily to the U.S.