Welcome to our dedicated page for Dynex Cap news (Ticker: DX), a resource for investors and traders seeking the latest updates and insights on Dynex Cap stock.
Dynex Capital, Inc. reports recurring developments for an internally managed real estate investment trust that invests in mortgage assets backed by U.S. residential and commercial real estate. Company news commonly covers quarterly and annual results, book value, total economic return, portfolio gains and losses, leverage, liquidity, and capital deployment into mortgage-backed securities.
Dynex updates also include monthly common stock dividends, quarterly dividends on its Series C preferred stock, at-the-market common stock issuance activity, share repurchase authorizations, earnings call schedules, and governance or finance leadership changes. Its disclosures frequently frame performance around mortgage spreads, repurchase agreement financing, hedging, and risk management across interest rate, prepayment, spread, liquidity, and counterparty exposures.
Dynex Capital reported third quarter 2020 results with a total economic return of 11.7% and a core net operating income of $0.61 per common share. The book value per common share rose to $18.25, up from $16.69 in Q2 2020. A comprehensive income of $1.92 per common share was achieved, driven by favorable asset valuations and low funding rates. Management remains positive about the outlook, citing central bank support despite fiscal policy uncertainties. Notable business activities included selling $382.3 million in Agency CMBS with gains of $20.8 million.
Dynex Capital (NYSE: DX) announced the appointment of Julia Coronado and Joy Palmer to its Board of Directors, effective October 27, 2020. This decision follows the resignation of Valerie Mosley, reducing the board to six members, with five being independent. President Byron Boston highlighted Coronado's extensive experience in fiscal policy and Palmer's expertise in mortgage finance as valuable assets. These appointments reflect the company's commitment to board refreshment and align with its long-term strategic vision.
Dynex Capital, Inc. (NYSE: DX) has announced a cash dividend of $0.13 per common share for October 2020. This dividend is set to be paid on November 2, 2020 to shareholders on record as of October 23, 2020. As an internally managed real estate investment trust (REIT), Dynex Capital invests in mortgage assets, leveraging Agency and non-Agency RMBS, CMBS, and CMBS IO. For further details, visit www.dynexcapital.com.
Dynex Capital, Inc. (NYSE: DX) is set to release its third-quarter financial results on October 28, 2020, before market opening. A conference call will follow at 10:00 am ET to discuss these results and the company's outlook. Participants can access the live audio webcast on the company's website, and an archive will be available shortly after the call. Dynex is a real estate investment trust focused on mortgage assets, both Agency and non-Agency RMBS, as well as CMBS.