Dynex Cap Inc Stock Price, News & Analysis

Dynex Capital (NYSE: DX) has announced the tax treatment of its dividends declared in 2020. All dividends on common and preferred stocks were treated as capital gains, with no portion classified as ordinary income or return of capital. Key dividend payments include:

• Common Stock: Total of $1.66 per share across multiple payment dates.
• Series A Preferred Stock: $0.8795100 upon redemption.
• Series B Preferred Stock: $1.90625000, partly redeemed.
• Series C Preferred Stock: $1.12150000, first-quarter partial dividend.

Dynex Capital reported impressive financial results for Q4 and the full year of 2020, achieving a 15.2% total economic return and a 17.0% total shareholder return. The book value per common share increased to $19.08, up from $18.01 in 2019, while comprehensive income stood at $2.88 per common share. The company's net interest spread rose to 1.77% for 2020, reflecting solid income growth. However, the company also faced challenges, including a $172.3 million net loss on derivatives, affecting overall performance.

Dynex Capital, Inc. (NYSE: DX) has priced its public offering of 2,750,000 shares of common stock, expecting gross proceeds of approximately $49.1 million before expenses. Additionally, underwriters may purchase up to 412,500 shares within 30 days. The offering, set to close on February 2, 2021, aims to fund new investments and general corporate expenses, including debt repayment and working capital. The offering relies on an effective SEC registration statement and is managed by J.P. Morgan.

Dynex Capital, Inc. (NYSE: DX) announced a public offering of 2,750,000 shares of common stock, with a 30-day option for underwriters to purchase an additional 412,500 shares. J.P. Morgan is the sole book-running manager. The offering utilizes an existing shelf registration statement approved by the SEC. The proceeds will be used for acquiring investments, paying off maturing obligations, and general corporate purposes. This announcement does not constitute an offer to sell or solicitation to buy securities.

Dynex Capital, Inc. (NYSE: DX) will announce its financial results for Q4 and the full year ending December 31, 2020, on February 4, 2021, before market opening. A conference call and live audio webcast will follow at 10:00 am ET to discuss results and business outlook. Investors can access the live webcast at www.dynexcapital.com, with an archived version available post-call. Participants can register for the phone call via this link.

Dynex Capital, Inc. (NYSE: DX) announced plans to redeem approximately 2.8 million shares of its Series B Cumulative Redeemable Preferred Stock (DXPRB) on February 15, 2021. Each share will be redeemed at $25, plus $0.1535590 in unpaid dividends, totaling $25.1535590 per share. On the redemption date, dividend accumulation for the Series B shares will cease. Shareholders must surrender their shares to receive the redemption amount. This announcement does not constitute a securities offer. Investors are advised to refer to the Company's Annual Report for further risks.

Dynex Capital, Inc. (NYSE: DX) has declared a cash dividend of $0.13 per common share for January 2021. This dividend will be payable on February 1, 2021 to shareholders recorded by January 25, 2021. The company operates as an internally managed real estate investment trust (REIT), investing in mortgage assets with a focus on Agency and non-Agency RMBS, CMBS, and CMBS IO. Investors can find further details on Dynex Capital's operations and financials on their official website.

Dynex Capital, Inc. (NYSE: DX) has announced the promotion of Smriti L. Popenoe to President, effective immediately. Popenoe, with 27 years of experience in finance, has been with Dynex since 2014, previously serving as Executive Vice President and Co-Chief Investment Officer. CEO Byron L. Boston commended her leadership skills, highlighting her role in the company's growth. Popenoe's extensive background includes managing significant investment portfolios at various financial institutions. She will continue to oversee investment management while expanding her responsibilities as President.

Dynex Capital, Inc. (NYSE: DX) announced a cash dividend of $0.13 per common share for December 2020, payable on January 4, 2021, to shareholders recorded on December 21, 2020. Additionally, it declared preferred dividends of $0.4765625 per share on the 7.625% Series B and $0.43125 per share on the 6.900% Series C, payable on January 15, 2021, to shareholders of record as of January 1, 2021. Dynex Capital is a REIT focusing on mortgage assets, investing in Agency and non-Agency RMBS, CMBS, and CMBS IO.