Dynex Capital, Inc. Declares Monthly Common Stock Dividend of $0.13

Rhea-AI Summary

Dynex Capital (NYSE: DX) has announced that its Board of Directors declared a monthly cash dividend of $0.13 per common share for June 2024. The dividend will be payable on July 1, 2024, to shareholders who are on record as of June 24, 2024.

Positive

• Dynex Capital declared a consistent monthly cash dividend of $0.13 per common share.
• The dividend provides a steady income stream for shareholders.
• The declaration reflects the company's commitment to returning value to its shareholders.

Negative

• The dividend amount of $0.13 per share is relatively modest, indicating potential limitations in excess cash flow.
• No additional details on financial performance or future outlook were provided, leaving uncertainty for investors.
• The announcement may not significantly impact stock price due to its repetitive nature.

GLEN ALLEN, Va.--(BUSINESS WIRE)-- Dynex Capital, Inc. (NYSE: DX) announced today the Company’s Board of Directors declared a cash dividend of $0.13 per common share for June 2024. The dividend is payable on July 1, 2024, to shareholders of record on June 24, 2024.

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/20240612710213/en/

Alison Griffin

804-217-5897

Source: Dynex Capital, Inc.

FAQ

What is the dividend declared by Dynex Capital for June 2024?

Dynex Capital declared a monthly cash dividend of $0.13 per common share for June 2024.

When will Dynex Capital pay the dividend for June 2024?

The dividend will be payable on July 1, 2024.

Who is eligible for the Dynex Capital dividend declared for June 2024?

Shareholders of record as of June 24, 2024, are eligible for the dividend.

What is the stock symbol for Dynex Capital?

The stock symbol for Dynex Capital is DX.