Dynex Capital, Inc. Declares Third Quarter 2021 Series C Preferred Stock Dividend

Rhea-AI Summary

Dynex Capital, Inc. (NYSE: DX) has announced a 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 will be paid on October 15, 2021, to shareholders of record as of October 1, 2021. As a real estate investment trust (REIT), Dynex Capital focuses on mortgage assets, including Agency and non-Agency RMBS, CMBS, and CMBS IO.

Positive

• Quarterly dividend of $0.43125 demonstrates financial stability.

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 third quarter of 2021. The Company will pay the regular quarterly dividend of $0.43125 per share on October 15, 2021, to shareholders of record of the Series C Preferred Stock as of October 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/20210921006015/en/

Alison Griffin, 804-217-5897

 

Source: Dynex Capital, Inc.

FAQ

What is the dividend amount for Dynex Capital (DX) in Q3 2021?

The dividend amount is $0.43125 per share.

When will Dynex Capital (DX) pay the Q3 2021 dividend?

The dividend will be paid on October 15, 2021.

Who is eligible for the Q3 2021 dividend from Dynex Capital (DX)?

Shareholders of record as of October 1, 2021, are eligible.

What is the significance of the Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for Dynex Capital (DX)?

This preferred stock allows Dynex Capital to raise capital while providing fixed returns to investors.