Dynex Capital, Inc. Declares Common and Preferred Stock Dividends

Key Terms

fixed-to-floating rate financial

A fixed-to-floating rate is a type of loan or investment that starts with a fixed interest rate for a certain period, meaning the payments stay the same, then switches to a variable rate that can change over time based on market conditions. This matters because it offers the stability of fixed payments initially, but also the flexibility to benefit if interest rates drop later.

cumulative redeemable preferred stock financial

Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.

three-month cme term sofr financial

A three-month CME Term SOFR is a forward-looking interest rate that represents the cost of borrowing secured cash for a three-month period, calculated from transactions and prices in markets tracked by CME Group using the Secured Overnight Financing Rate (SOFR). Investors use it like a commonly agreed benchmark — similar to setting a short-term rental price for money — to price loans, bonds and derivatives so payments float predictably with market funding costs.

GLEN ALLEN, Va.--(BUSINESS WIRE)-- Dynex Capital, Inc. announced today that the Company’s Board of Directors has declared a cash dividend of $0.17 per share on its Common Stock (NYSE: DX) for December 2025. The Common dividend is payable on January 9, 2026, to shareholders of record as of January 2, 2026.

The Company’s Board also declared a quarterly cash dividend of $0.61437 per share of its Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the fourth quarter of 2025. The Preferred dividend is payable on January 15, 2026, to shareholders of record as of January 1, 2026.

The Series C Preferred shares accrue dividends at a floating rate equal to Three-Month CME Term SOFR plus 0.26161% plus 5.461%. The dividend rate for the dividend period ending January 14, 2026, is 9.61624%.

About Dynex Capital

Dynex Capital delivers value at the intersection of capital markets and housing finance, using our expertise to transform residential real estate into compelling long-term yields for our shareholders. We are committed to ethical stewardship of stakeholders' capital, expert risk management, disciplined capital allocation, and social responsibility. We generate dividend income and long-term total returns through the financing of real estate assets, and by doing so, support the growth and vitality of housing communities in the United States. Dynex Capital operates as a real estate investment trust (REIT) and is internally managed to maximize stakeholder alignment. Additional information is available at www.dynexcapital.com.

Forward Looking Statement

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the business of Dynex Capital, Inc. that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of these risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.

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Alison Griffin

804-217-5897

Source: Dynex Capital, Inc.