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Dynex Capital, Inc. - DX STOCK NEWS

Welcome to our dedicated page for Dynex Capital news (Ticker: DX), a resource for investors and traders seeking the latest updates and insights on Dynex Capital stock.

Dynex Capital, Inc. (NYSE: DX) is an internally managed mortgage real estate investment trust (REIT) that was formed in 1988. Specializing in the oversight of a diversified and high-quality leveraged fixed-income portfolio, the company's primary aim is to offer shareholders attractive, risk-adjusted returns over the long term.

Dynex Capital's investment strategy revolves around mortgage-backed securities (MBS), which include both residential MBS and commercial MBS. By focusing on these areas, the company seeks to balance income generation with capital preservation. The firm's portfolio primarily comprises Agency mortgage-backed securities, which are backed by government-sponsored entities, thus providing a level of security and stability to their investments.

One of the key advantages of Dynex Capital is its internal management structure, which ensures that the interests of the management team are aligned with those of the shareholders. This alignment is critical in making strategic investment decisions that aim to maximize shareholder value while mitigating risks. The company's experienced management team utilizes a disciplined investment approach, leveraging their deep understanding of the fixed-income market to navigate various economic cycles effectively.

In recent years, Dynex Capital has achieved notable milestones. These include maintaining a robust portfolio despite market volatility and consistently paying dividends to its shareholders. The company continues to monitor and adjust its investment strategies in response to fluctuating market conditions, ensuring a resilient and adaptive portfolio. Furthermore, Dynex Capital is actively exploring new investment opportunities and partnerships to enhance its portfolio and deliver sustained shareholder value.

Investors looking to stay updated on Dynex Capital's performance, events, and developments will find the latest news and updates on their official website and credible financial news sources. Regular updates include financial reports, market analysis, and strategic announcements, keeping stakeholders informed about the company's progress and future plans.

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Dynex Capital (NYSE: DX) reported its Q2 2024 financial results, showing a total economic loss of $(0.31) per common share, or (2.4)% of beginning book value. The company's book value per common share decreased to $12.50 as of June 30, 2024. Dynex reported a comprehensive loss of $(0.18) per share and a net loss of $(0.15) per share. The company declared dividends of $0.39 per common share for Q2. Dynex raised $124.7 million in equity capital through a public offering and ATM issuances. The company purchased $551.1 million of higher coupon Agency RMBS and maintained a liquidity of $644.0 million. Leverage including TBA securities was 7.9 times shareholders' equity.

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Dynex Capital (NYSE: DX) announced several executive promotions, highlighting its commitment to a robust human capital strategy. Smriti Laxman Popenoe has been promoted to Co-CEO, while retaining her roles as President and CIO. Rob Colligan has been promoted to Chief Operating Officer, in addition to his CFO role. The company also welcomed Harman Sahni as Chief Technology Officer.

Other promotions include Robert Nilson to Chief Risk Officer, Jeff Childress to Chief Accounting Officer, and Rebecca Imhof to Controller. These changes reflect Dynex's focus on fostering internal talent and adapting to the complex global environment. The Co-CEO model, with Byron Boston remaining as Chairman and Co-CEO, aims to enhance the company's strategy, execution, and culture, potentially driving long-term value for shareholders.

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Dynex Capital announced that its Board of Directors has declared a monthly cash dividend of $0.13 per common share for July 2024. This dividend will be payable on August 1, 2024, to all shareholders recorded by July 23, 2024.

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Dynex Capital (NYSE: DX) will release its Q2 2024 financial results on July 22, 2024, before market open. A conference call and live audio webcast are scheduled for 10:00 a.m. ET the same day to discuss the results. The webcast can be accessed on their homepage and an archive will be available two hours post-call. To join the conference call via telephone, dial (888) 330-2022 for North America or 1 (646) 960-0690 internationally, using conference ID 1957092.

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Dynex Capital announced the declaration of a second-quarter 2024 dividend for its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC). The Board of Directors has approved a regular quarterly dividend of $0.43125 per share. This dividend will be paid on July 15, 2024, to Series C Preferred Stock shareholders of record as of July 1, 2024.

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Dynex Capital (NYSE: DX) has announced that its Board of Directors declared a monthly cash dividend of $0.13 per common share for June 2024. The dividend will be payable on July 1, 2024, to shareholders who are on record as of June 24, 2024.

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Dynex Capital (NYSE: DX) announced the pricing of its public offering of 10.5 million shares of common stock, expecting gross proceeds of approximately $126 million. The offering has a 30-day option for underwriters to purchase an additional 1.575 million shares. The offering, managed by BTIG, is set to close on June 7, 2024, subject to customary conditions. Proceeds will be used for acquiring additional investments and general corporate purposes. The offering is made under the company's existing effective shelf registration with the SEC.

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Dynex Capital announced an underwritten public offering of 10,500,000 shares of its common stock, with BTIG acting as the sole book-running manager. The company has also granted underwriters a 30-day option to purchase up to an additional 1,575,000 shares. The offering aims to raise funds for acquiring additional investments and general corporate purposes. The offering is subject to market conditions, and there is no guarantee it will be completed. The offering is being made under Dynex Capital's existing shelf registration statement that has been declared effective by the SEC. Potential investors can access the prospectus on the SEC website or contact BTIG for more information.

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Dynex Capital has announced the appointment of Marie Chandoha to its Board of Directors, effective June 1, 2024.

Chandoha, former President and CEO of Charles Schwab Investment Management, brings nearly 40 years of asset management experience.

She will serve on the Audit and Nominating & Corporate Governance Committees.

Chandoha's background includes leadership roles at State Street , Macy's, BlackRock, and Wells Fargo Asset Management.

Her expertise is expected to aid Dynex in capitalizing on market opportunities, with the Board now comprising seven directors, five of whom are independent.

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Dynex Capital, Inc. (NYSE: DX) has declared a monthly common stock dividend of $0.13 per share for May 2024. The dividend will be payable on June 3, 2024, to shareholders of record on May 23, 2024.

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FAQ

What is Dynex Capital, Inc.?

Dynex Capital, Inc. (NYSE: DX) is an internally managed mortgage real estate investment trust (REIT) focused on providing attractive risk-adjusted returns through a diversified fixed-income portfolio.

When was Dynex Capital founded?

Dynex Capital was founded in 1988.

What types of securities does Dynex Capital invest in?

Dynex Capital invests in residential and commercial mortgage-backed securities, primarily Agency MBS.

What is the primary goal of Dynex Capital?

The primary goal of Dynex Capital is to provide shareholders with attractive, risk-adjusted returns over the long term.

How is Dynex Capital managed?

Dynex Capital is internally managed, meaning its management team is directly employed by the company and aligns its strategy with shareholder interests.

How does Dynex Capital ensure capital preservation?

Dynex Capital ensures capital preservation by focusing on high-quality, leveraged fixed-income securities, particularly Agency MBS, which are backed by government-sponsored entities.

What are Agency mortgage-backed securities?

Agency mortgage-backed securities are MBS that are backed by government-sponsored entities, providing a level of security and stability to the investments.

What recent achievements has Dynex Capital made?

Recent achievements of Dynex Capital include maintaining a robust portfolio during market volatility and consistently paying dividends to shareholders.

Where can I find the latest news about Dynex Capital?

The latest news about Dynex Capital can be found on their official website and credible financial news sources.

What is the investment strategy of Dynex Capital?

The investment strategy of Dynex Capital revolves around a disciplined approach to managing a diversified portfolio of mortgage-backed securities, with a focus on risk-adjusted returns and capital preservation.

Dynex Capital, Inc.

NYSE:DX

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