Dynex Cap Inc Stock Price, News & Analysis

Dynex Capital, Inc. (NYSE: DX) announced a cash dividend of $0.13 per common share for August 2022. This dividend will be payable on September 1, 2022, to shareholders of record as of August 22, 2022. The company, committed to ethical stewardship and disciplined capital allocation, seeks to generate dividend income and long-term total returns through diversified financing of real estate assets across the United States.

Dynex Capital, NYSE: DX, announced its second quarter 2022 results, reporting a comprehensive loss of $(0.85) per share and net income of $0.70 per share. The total economic return (TER) was $(1.06) per share, or (5.8)% of the beginning book value of $16.79. Earnings available for distribution (EAD) were $0.40 per share. Despite a widening of spreads, total shareholder equity rose 7% to $842.4 million, and leverage increased to 6.6x. Management emphasized a focus on capital preservation and identified opportunities in the mortgage market for the latter half of 2022.

Dynex Capital (NYSE: DX) announced the resignation of long-term CFO Stephen J. Benedetti, effective August 5, 2022, after 28 years with the company. Robert S. Colligan, previously CFO at Chimera Investment Corporation, will assume the role. Benedetti will assist in the transition until August 31, 2022. CEO Byron L. Boston praised Benedetti's contributions and expressed confidence in Colligan's extensive experience, highlighting his suitability for Dynex's future amidst complex macroeconomic conditions.

Dynex Capital announced a cash dividend of $0.13 per common share for July 2022, payable on August 1, 2022. Shareholders of record by July 22, 2022 will receive this dividend. As an internally managed REIT, Dynex Capital focuses on investing in mortgage assets using leverage, including Agency and non-Agency RMBS, CMBS, and CMBS IO. This dividend declaration reflects the company’s ongoing commitment to delivering income to its shareholders.

Dynex Capital, Inc. (NYSE: DX) will release its second-quarter financial results on July 25, 2022, before market opening. A conference call and live audio webcast are scheduled for 10:00 am ET to discuss these results and the company's business outlook. The live webcast can be accessed at www.dynexcapital.com, with an archive available two hours post-call. Interested participants can listen via phone by dialing 1 (888) 330-2022 and using the passcode 1957092.

Dynex Capital (NYSE: DX) has declared a regular quarterly dividend of $0.43125 per share on its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC). The dividend is set for payment on July 15, 2022, for shareholders of record as of July 1, 2022. This reflects the company’s ongoing commitment to return income to its shareholders while maintaining its position in the real estate investment trust sector.

Dynex Capital (NYSE: DX) declared a cash dividend of $0.13 per common share for June 2022. This dividend will be payable on July 1, 2022 to shareholders recorded as of June 24, 2022. As an internally managed REIT, Dynex Capital focuses on investing in both Agency and non-Agency RMBS, CMBS, and CMBS IO on a leveraged basis. This announcement highlights the company's continued commitment to returning value to its shareholders.

Dynex Capital, Inc. (NYSE: DX) has announced a cash dividend of $0.13 per common share for May 2022. This dividend will be payable on June 1, 2022 to shareholders on record as of May 23, 2022. The company operates as an internally managed real estate investment trust (REIT), focusing on mortgage assets through investments in Agency and non-Agency RMBS, CMBS, and CMBS IO. Further information can be found on their website.

Dynex Capital reported a strong first quarter 2022 with a comprehensive income of $0.65 per share and a net income of $3.14 per share. The total economic return was $0.64 per share, or 3.5% of the beginning book value, driven by dividends of $0.39 and a book value increase to $18.24. Earnings available for distribution stood at $0.44 per share, and the net interest spread was 1.86%. Leverage increased to 6.1x equity, with management optimistic about ongoing investment opportunities amidst rising interest rates.