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.
Dynex Capital has announced a cash dividend of $0.15 per share on its Common Stock (NYSE: DX) for November 2024. The dividend will be payable on December 2, 2024, to shareholders of record as of November 22, 2024. This declaration was made by the Company's Board of Directors, demonstrating their commitment to returning value to shareholders.
Dynex Capital reported its Q3 2024 financial results, highlighting a total economic return of $0.89 per common share, or 7.1% of beginning book value. Key points include:
- Book value per common share of $13.00 as of September 30, 2024
- Comprehensive income of $0.93 per common share
- Net income of $0.38 per common share
- Dividends declared of $0.39 per common share for Q3
- Purchased $1.1 billion of Agency RMBS
- Liquidity of $708.7 million as of September 30, 2024
- Leverage including TBA securities at 7.6 times shareholders' equity
The Board of Directors announced an increase in the monthly dividend to $0.15 per common share. Management expressed confidence in the company's positioning to deliver solid returns through portfolio management, capital structure optimization, equity raising, and accretive investments.
Dynex Capital has announced a cash dividend of $0.13 per share on its Common Stock (NYSE: DX) for October 2024. The dividend will be payable on November 1, 2024, to shareholders of record as of October 25, 2024. This declaration was made by the Company's Board of Directors, demonstrating their commitment to providing returns to shareholders.
Dynex Capital, Inc. (NYSE: DX) has announced the schedule for its third quarter 2024 earnings release and conference call. The company will release its financial results before the market opens on Monday, October 21, 2024. Following the release, Dynex will host a conference call and live audio webcast at 10:00 a.m. ET to discuss the financial results.
Investors and interested parties can access the live audio webcast on the company's website at www.dynexcapital.com under the 'Current Events' section on the homepage. An archive of the webcast will be available approximately two hours after the live call ends. For those preferring to listen via telephone, the conference call can be accessed by dialing (888) 330-2022 for North America or 1 (646) 960-0690 for International callers, using the conference ID 1957092. It is recommended to dial in at least 10 minutes before the call begins.
Dynex Capital (NYSE: DX) has announced dividend declarations for its Common and Preferred Stock. The Board of Directors declared a $0.13 per share cash dividend on Common Stock for September 2024, payable on October 1, 2024, to shareholders of record as of September 23, 2024. Additionally, a quarterly cash dividend of $0.43125 per share was declared on the 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for Q3 2024, payable on October 15, 2024, to shareholders of record as of October 1, 2024. These dividend declarations demonstrate Dynex Capital's commitment to providing regular returns to its shareholders.
Dynex Capital, Inc. (NYSE: DX) has announced a monthly cash dividend of $0.13 per common share for August 2024. The dividend will be paid on September 3, 2024, to shareholders of record as of August 23, 2024. This declaration by the Board of Directors demonstrates the company's commitment to providing regular returns to its shareholders.
Dynex Capital is a real estate investment trust (REIT) that invests in mortgage assets on a leveraged basis. The consistent dividend payout suggests stability in the company's cash flow and its ability to maintain shareholder value despite market fluctuations.
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.
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.
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.
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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