Dynex Capital, Inc. Declares First Quarter 2023 Series C Preferred Stock Dividend

Rhea-AI Summary

Dynex Capital, Inc. (NYSE: DX) has declared a quarterly dividend of $0.43125 per share on its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for Q1 2023. The dividend will be paid on April 17, 2023, to shareholders of record as of April 1, 2023. Dynex Capital, a financial services company focused on ethical capital stewardship, emphasizes disciplined capital allocation to generate dividend income through diversified real estate financing in the U.S.

Positive

• Quarterly dividend of $0.43125 demonstrates commitment to returning value to shareholders.
• Stable dividend payment reinforces investor confidence.

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• None.

GLEN ALLEN, Va.--(BUSINESS WIRE)-- Dynex Capital, Inc. (NYSE: DX) announced today that 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 2023. The Company will pay the regular quarterly dividend of $0.43125 per share on April 17, 2023, to shareholders of record of the Series C Preferred Stock as of April 1, 2023.

About Dynex Capital

Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

Forward Looking Statement

“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/20230323005205/en/

Alison Griffin

804-217-5897

Source: Dynex Capital, Inc.

FAQ

What is the dividend amount declared by Dynex Capital for Q1 2023?

The dividend amount declared is $0.43125 per share.

When will the dividend be paid to DXPRC shareholders?

The dividend will be paid on April 17, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is April 1, 2023.

What type of stock is the dividend associated with?

The dividend is associated with the 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (DXPRC).