Dynex Capital, Inc. Declares Fourth Quarter 2022 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 Q4 2022. The dividend will be paid on January 17, 2023, to shareholders of record as of January 1, 2023. This announcement underscores the company's commitment to providing dividend income and maintaining stakeholder alignment through disciplined capital management in its real estate financing operations in the U.S.

Positive

• Quarterly dividend of $0.43125 enhances shareholder income.
• Demonstrates commitment to providing consistent dividends, reflecting company 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 fourth quarter of 2022. The Company will pay the regular quarterly dividend of $0.43125 per share on January 17, 2023, to shareholders of record of the Series C Preferred Stock as of January 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/20221223005197/en/

Alison Griffin

804-217-5897

Source: Dynex Capital, Inc.

FAQ

What is the dividend amount declared by Dynex Capital (DX) for Q4 2022?

Dynex Capital (DX) declared a dividend of $0.43125 per share for Q4 2022.

When will Dynex Capital (DX) pay the declared dividend?

The dividend will be paid on January 17, 2023.

When is the record date for the dividend payment by Dynex Capital (DX)?

The record date for the dividend is January 1, 2023.

How often does Dynex Capital (DX) declare dividends?

Dynex Capital typically declares dividends quarterly.

What type of stock does the dividend announcement refer to for Dynex Capital (DX)?

The announcement refers to the 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (DXPRC).