Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - DYNEX CAPITAL INC | a3q17form10-qexx321soxcert.htm |
| EX-31.2 - EXHIBIT 31.2 - DYNEX CAPITAL INC | a3q17form10-qexx312cfocert.htm |
| EX-31.1 - EXHIBIT 31.1 - DYNEX CAPITAL INC | a3q17form10-qexx311ceocert.htm |
| 10-Q - 10-Q - DYNEX CAPITAL INC | a3q17form10-q.htm |
Exhibit 12.1
DYNEX CAPITAL, INC.
Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Nine Months Ended | Year Ended December 31, | ||||||||||||||||||||||
(Amounts in thousands, except ratios) | September 30, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 26,122 | $ | 25,231 | $ | 22,605 | $ | 25,915 | $ | 39,028 | $ | 35,147 | |||||||||||
Preferred dividend requirements | 7,885 | 9,185 | 9,176 | 9,176 | 7,902 | 2,036 | |||||||||||||||||
Total | $ | 34,007 | $ | 34,416 | $ | 31,781 | $ | 35,091 | $ | 46,930 | $ | 37,183 | |||||||||||
Earnings: | |||||||||||||||||||||||
Income from continuing operations | $ | 11,931 | $ | 43,099 | $ | 16,544 | $ | 27,806 | $ | 68,069 | $ | 74,042 | |||||||||||
Add: | |||||||||||||||||||||||
Distributed income of equity method investee | — | 1,316 | — | — | 721 | — | |||||||||||||||||
Fixed charges, excluding preferred dividend requirements | 26,122 | 25,231 | 22,605 | 25,915 | 39,028 | 35,147 | |||||||||||||||||
Less: Equity in income of equity investee | — | (481 | ) | (835 | ) | — | (721 | ) | — | ||||||||||||||
Total | $ | 38,053 | $ | 69,165 | $ | 38,314 | $ | 53,721 | $ | 107,097 | $ | 109,189 | |||||||||||
Ratio of earnings to fixed charges | 1.46x | 2.74x | 1.69x | 2.07x | 2.74x | 3.11x | |||||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | 1.12x | 2.01x | 1.21x | 1.53x | 2.28x | 2.94x | |||||||||||||||||