Welcome to our dedicated page for Dynex Capital news (Ticker: DX), a resource for investors and traders seeking the latest updates and insights on Dynex Capital stock.
Dynex Capital, Inc. (NYSE: DX) is an internally managed mortgage real estate investment trust (REIT) that was formed in 1988. Specializing in the oversight of a diversified and high-quality leveraged fixed-income portfolio, the company's primary aim is to offer shareholders attractive, risk-adjusted returns over the long term.
Dynex Capital's investment strategy revolves around mortgage-backed securities (MBS), which include both residential MBS and commercial MBS. By focusing on these areas, the company seeks to balance income generation with capital preservation. The firm's portfolio primarily comprises Agency mortgage-backed securities, which are backed by government-sponsored entities, thus providing a level of security and stability to their investments.
One of the key advantages of Dynex Capital is its internal management structure, which ensures that the interests of the management team are aligned with those of the shareholders. This alignment is critical in making strategic investment decisions that aim to maximize shareholder value while mitigating risks. The company's experienced management team utilizes a disciplined investment approach, leveraging their deep understanding of the fixed-income market to navigate various economic cycles effectively.
In recent years, Dynex Capital has achieved notable milestones. These include maintaining a robust portfolio despite market volatility and consistently paying dividends to its shareholders. The company continues to monitor and adjust its investment strategies in response to fluctuating market conditions, ensuring a resilient and adaptive portfolio. Furthermore, Dynex Capital is actively exploring new investment opportunities and partnerships to enhance its portfolio and deliver sustained shareholder value.
Investors looking to stay updated on Dynex Capital's performance, events, and developments will find the latest news and updates on their official website and credible financial news sources. Regular updates include financial reports, market analysis, and strategic announcements, keeping stakeholders informed about the company's progress and future plans.
Dynex Capital, Inc. (NYSE: DX) has declared its first quarter 2021 dividend for the 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC). Shareholders of record as of April 1, 2021, will receive a regular quarterly dividend of $0.43125 per share, payable on April 15, 2021. As a real estate investment trust, Dynex Capital invests in mortgage assets through Agency and non-Agency RMBS, CMBS, and CMBS IO, aiming to leverage these investments for income generation.
Dynex Capital, Inc. (NYSE: DX) announced a cash dividend of $0.13 per common share for March 2021. This dividend is payable on April 1, 2021 to shareholders of record on March 22, 2021. As an internally managed real estate investment trust (REIT), Dynex Capital invests in mortgage assets, including Agency and non-Agency RMBS, CMBS, and CMBS IO, utilizing a leveraged strategy.
Dynex Capital, Inc. (NYSE: DX) has announced a public offering of 3,500,000 shares of common stock, expected to generate approximately $64.2 million before expenses. The underwriters have a 30-day option to purchase an additional 525,000 shares. Proceeds will be used for investments aligned with the company’s policy and general corporate purposes, including repayment of obligations and working capital. The offering, managed by J.P. Morgan and JMP Securities, is set to close on March 8, 2021.
Dynex Capital, Inc. (NYSE: DX) announced a public offering of 3,500,000 shares of common stock, with an option for underwriters to purchase an additional 525,000 shares. J.P. Morgan and JMP Securities are managing the offering, utilizing an existing shelf registration declared effective by the SEC. The proceeds will be used for acquiring investments and general corporate purposes, including repayment of obligations and working capital. The press release clarifies this does not constitute an offer to sell securities.
Dynex Capital, Inc. (NYSE: DX) declared a cash dividend of $0.13 per common share for February 2021. This dividend is payable on March 1, 2021, to shareholders of record on February 22, 2021. As an internally managed REIT, Dynex invests in various mortgage assets, including Agency and non-Agency RMBS, CMBS, and CMBS IO. This dividend reflects the company's ongoing commitment to returning value to its shareholders.
Dynex Capital (NYSE: DX) has announced the tax treatment of its dividends declared in 2020. All dividends on common and preferred stocks were treated as capital gains, with no portion classified as ordinary income or return of capital. Key dividend payments include:
- Common Stock: Total of $1.66 per share across multiple payment dates.
- Series A Preferred Stock: $0.8795100 upon redemption.
- Series B Preferred Stock: $1.90625000, partly redeemed.
- Series C Preferred Stock: $1.12150000, first-quarter partial dividend.
Dynex Capital reported impressive financial results for Q4 and the full year of 2020, achieving a 15.2% total economic return and a 17.0% total shareholder return. The book value per common share increased to $19.08, up from $18.01 in 2019, while comprehensive income stood at $2.88 per common share. The company's net interest spread rose to 1.77% for 2020, reflecting solid income growth. However, the company also faced challenges, including a $172.3 million net loss on derivatives, affecting overall performance.
Dynex Capital, Inc. (NYSE: DX) has priced its public offering of 2,750,000 shares of common stock, expecting gross proceeds of approximately $49.1 million before expenses. Additionally, underwriters may purchase up to 412,500 shares within 30 days. The offering, set to close on February 2, 2021, aims to fund new investments and general corporate expenses, including debt repayment and working capital. The offering relies on an effective SEC registration statement and is managed by J.P. Morgan.
Dynex Capital, Inc. (NYSE: DX) announced a public offering of 2,750,000 shares of common stock, with a 30-day option for underwriters to purchase an additional 412,500 shares. J.P. Morgan is the sole book-running manager. The offering utilizes an existing shelf registration statement approved by the SEC. The proceeds will be used for acquiring investments, paying off maturing obligations, and general corporate purposes. This announcement does not constitute an offer to sell or solicitation to buy securities.
Dynex Capital, Inc. (NYSE: DX) will announce its financial results for Q4 and the full year ending December 31, 2020, on February 4, 2021, before market opening. A conference call and live audio webcast will follow at 10:00 am ET to discuss results and business outlook. Investors can access the live webcast at www.dynexcapital.com, with an archived version available post-call. Participants can register for the phone call via this link.
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