Dynex Capital, Inc. Declares Second Quarter 2021 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). This dividend will be paid on July 15, 2021, to shareholders on record as of July 1, 2021. As a real estate investment trust, Dynex Capital focuses on mortgage assets, including Agency and non-Agency RMBS and CMBS.

Positive

• Quarterly dividend of $0.43125 per share announced.
• Confidence in returning value to shareholders with consistent dividends.

Negative

• None.

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 second quarter of 2021. The Company will pay the regular quarterly dividend of $0.43125 per share on July 15, 2021, to shareholders of record of the Series C Preferred Stock as of July 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/20210629006067/en/

FAQ

What is the dividend amount for DXPRC for Q2 2021?

The dividend amount for DXPRC for Q2 2021 is $0.43125 per share.

When will the dividend for DXPRC be paid?

The dividend for DXPRC will be paid on July 15, 2021.

What is the record date for the dividend payment of DXPRC?

The record date for the dividend payment of DXPRC is July 1, 2021.

How often does Dynex Capital pay dividends on DXPRC?

Dynex Capital typically pays dividends on a quarterly basis for DXPRC.

Is the dividend for DXPRC sustainable?

The sustainability of the dividend would depend on the ongoing performance of Dynex Capital and its investment strategy.