Attached files
| file | filename |
|---|---|
| EX-10.28 - EXHIBIT 10.28 - DYNEX CAPITAL INC | a2017form10-kexx1028execut.htm |
| EX-32.1 - EXHIBIT 32.1 - DYNEX CAPITAL INC | a2017form10-kexx321soxcert.htm |
| EX-31.2 - EXHIBIT 31.2 - DYNEX CAPITAL INC | a2017form10-kexx312cfocert.htm |
| EX-31.1 - EXHIBIT 31.1 - DYNEX CAPITAL INC | a2017form10-kexx311ceocert.htm |
| EX-23.1 - EXHIBIT 23.1 - DYNEX CAPITAL INC | a2916form10-kexx231bdocons.htm |
| EX-21.1 - EXHIBIT 21.1 - DYNEX CAPITAL INC | a2017form10-kexx211consoli.htm |
| EX-10.18 - EXHIBIT 10.18 - DYNEX CAPITAL INC | a2017form10-kexhibit1018no.htm |
| 10-K - 10-K - DYNEX CAPITAL INC | a2017form10-k.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
Year Ended December 31, | |||||||||||||||||||
($ in thousands, except ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 36,178 | $ | 25,231 | $ | 22,605 | $ | 25,915 | $ | 39,028 | |||||||||
Preferred dividend requirements | 10,794 | 9,185 | 9,176 | 9,176 | 7,902 | ||||||||||||||
Total | $ | 46,972 | $ | 34,416 | $ | 31,781 | $ | 35,091 | $ | 46,930 | |||||||||
Earnings: | |||||||||||||||||||
Income from continuing operations | $ | 33,893 | $ | 43,099 | $ | 16,544 | $ | 27,806 | $ | 68,069 | |||||||||
Add: | |||||||||||||||||||
Distributed income of equity method investee | — | 1,316 | — | — | 721 | ||||||||||||||
Fixed charges, excluding preferred dividend requirements | 36,178 | 25,231 | 22,605 | 25,915 | 39,028 | ||||||||||||||
Less: Equity in income of equity investee | — | (481 | ) | (835 | ) | — | (721 | ) | |||||||||||
Total | $ | 70,071 | $ | 69,165 | $ | 38,314 | $ | 53,721 | $ | 107,097 | |||||||||
Ratio of earnings to fixed charges | 1.94x | 2.74x | 1.69x | 2.07x | 2.74x | ||||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends | 1.49x | 2.01x | 1.21x | 1.53x | 2.28x | ||||||||||||||