Dynex Capital, Inc. Declares Second Quarter 2022 Series C Preferred Stock Dividend

Rhea-AI Summary

Dynex Capital (NYSE: DX) has declared a regular quarterly dividend of $0.43125 per share on its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC). The dividend is set for payment on July 15, 2022, for shareholders of record as of July 1, 2022. This reflects the company’s ongoing commitment to return income to its shareholders while maintaining its position in the real estate investment trust sector.

Positive

• Regular quarterly dividend of $0.43125 per share indicates strong cash flow and shareholder returns.

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 second quarter of 2022. The Company will pay the regular quarterly dividend of $0.43125 per share on July 15, 2022, to shareholders of record of the Series C Preferred Stock as of July 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/20220627005756/en/

Alison Griffin

804-217-5897

Source: Dynex Capital, Inc.

FAQ

What is the dividend amount for Dynex Capital (DXPRC) in Q2 2022?

The dividend amount for Q2 2022 is $0.43125 per share.

When will the dividend for Dynex Capital (DXPRC) be paid?

The dividend will be paid on July 15, 2022.

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

The record date for the dividend is July 1, 2022.

How often does Dynex Capital pay dividends on DXPRC?

Dynex Capital pays dividends quarterly on its Series C Preferred Stock (DXPRC).

What is the significance of the dividend for Dynex Capital shareholders?

The dividend reflects the company's strong cash flow and commitment to returning value to its shareholders.