Dynex Capital, Inc. Declares Second Quarter 2024 Series C Preferred Stock Dividend

Rhea-AI Summary

Dynex Capital announced the declaration of a second-quarter 2024 dividend for its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC). The Board of Directors has approved a regular quarterly dividend of $0.43125 per share. This dividend will be paid on July 15, 2024, to Series C Preferred Stock shareholders of record as of July 1, 2024.

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 2024. The Company will pay the regular quarterly dividend of $0.43125 per share on July 15, 2024, to shareholders of record of the Series C Preferred Stock as of July 1, 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/20240625411760/en/

Alison Griffin

804-217-5897

Source: Dynex Capital, Inc.

FAQ

When will Dynex Capital pay the second quarter 2024 dividend for Series C Preferred Stock?

Dynex Capital will pay the second quarter 2024 dividend of $0.43125 per share on July 15, 2024.

What is the ex-dividend date for Dynex Capital's Series C Preferred Stock dividend in Q2 2024?

The ex-dividend date for Dynex Capital's Series C Preferred Stock dividend is July 1, 2024.

What is the dividend rate for Dynex Capital's Series C Preferred Stock (DXPRC) in Q2 2024?

The dividend rate for Dynex Capital's Series C Preferred Stock (DXPRC) in Q2 2024 is $0.43125 per share.

What is the ticker symbol for Dynex Capital's Series C Preferred Stock?

The ticker symbol for Dynex Capital's Series C Preferred Stock is DXPRC.