Dynex Capital, Inc. Declares First Quarter 2021 Series C Preferred Stock Dividend

Rhea-AI Summary

Dynex Capital, Inc. (NYSE: DX) has declared its first quarter 2021 dividend for the 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC). Shareholders of record as of April 1, 2021, will receive a regular quarterly dividend of $0.43125 per share, payable on April 15, 2021. As a real estate investment trust, Dynex Capital invests in mortgage assets through Agency and non-Agency RMBS, CMBS, and CMBS IO, aiming to leverage these investments for income generation.

Positive

• Declared dividend of $0.43125 per share, reflecting confidence in ongoing income generation.
• Dividend payable on April 15, 2021, providing timely returns to shareholders.

Negative

• None.

Dynex Capital, Inc. (NYSE: DX) announced today the Company’s Board of Directors has declared the dividend on shares of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the first quarter of 2021. The Company will pay the regular quarterly dividend of $0.43125 per share on April 15, 2021, to shareholders of record of the Series C Preferred Stock as of April 1, 2021.

Dynex Capital, Inc. is an internally managed real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency and non-Agency RMBS, CMBS, and CMBS IO. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

“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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210325005861/en/

FAQ

When will Dynex Capital's dividend be paid for DXPRC?

The dividend for Dynex Capital's Series C Preferred Stock will be paid on April 15, 2021.

What is the amount of the dividend for DXPRC?

The declared dividend for the 6.900% Series C Preferred Stock (DXPRC) is $0.43125 per share.

Who qualifies for the dividend payout on DXPRC?

Shareholders of record as of April 1, 2021, qualify for the dividend payout.

What type of investments does Dynex Capital, Inc. focus on?

Dynex Capital, Inc. focuses on investing in Agency and non-Agency RMBS, CMBS, and CMBS IO.

What is the frequency of dividends for DXPRC?

Dynex Capital pays quarterly dividends on its Series C Preferred Stock.