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

Rhea-AI Summary

Dynex Capital, Inc. (NYSE: DX) has declared a dividend of $0.43125 per share on its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for Q4 2021, to be paid on January 15, 2022. Shareholders of record as of January 1, 2022 will be eligible for this payment. Dynex, an internally managed REIT, focuses on mortgage assets, including Agency and non-Agency RMBS, CMBS, and CMBS IO. For further details, visit www.dynexcapital.com.

Positive

• Dividend of $0.43125 per share increases income for shareholders.
• Payment date set for January 15, 2022, indicating regular dividend policy.

Negative

• 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 fourth quarter of 2021. The Company will pay the regular quarterly dividend of $0.43125 per share on January 15, 2022, or the next business day to shareholders of record of the Series C Preferred Stock as of January 1, 2022.

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/20211222005539/en/

Alison Griffin

804-217-5897

Source: Dynex Capital, Inc.

FAQ

What is the dividend amount declared by Dynex Capital for Q4 2021?

The dividend amount declared by Dynex Capital for Q4 2021 is $0.43125 per share.

When will the dividend by Dynex Capital be paid?

The dividend will be paid on January 15, 2022.

What is the record date for Dynex Capital's dividend?

The record date for Dynex Capital's dividend is January 1, 2022.

What type of stock does the dividend apply to?

The dividend applies to Dynex Capital's 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.