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) 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.
Dynex Capital, Inc. (NYSE: DX) announced plans to redeem approximately 2.8 million shares of its Series B Cumulative Redeemable Preferred Stock (DXPRB) on February 15, 2021. Each share will be redeemed at $25, plus $0.1535590 in unpaid dividends, totaling $25.1535590 per share. On the redemption date, dividend accumulation for the Series B shares will cease. Shareholders must surrender their shares to receive the redemption amount. This announcement does not constitute a securities offer. Investors are advised to refer to the Company's Annual Report for further risks.
Dynex Capital, Inc. (NYSE: DX) has declared a cash dividend of $0.13 per common share for January 2021. This dividend will be payable on February 1, 2021 to shareholders recorded by January 25, 2021. The company operates as an internally managed real estate investment trust (REIT), investing in mortgage assets with a focus on Agency and non-Agency RMBS, CMBS, and CMBS IO. Investors can find further details on Dynex Capital's operations and financials on their official website.
Dynex Capital, Inc. (NYSE: DX) has announced the promotion of Smriti L. Popenoe to President, effective immediately. Popenoe, with 27 years of experience in finance, has been with Dynex since 2014, previously serving as Executive Vice President and Co-Chief Investment Officer. CEO Byron L. Boston commended her leadership skills, highlighting her role in the company's growth. Popenoe's extensive background includes managing significant investment portfolios at various financial institutions. She will continue to oversee investment management while expanding her responsibilities as President.
Dynex Capital, Inc. (NYSE: DX) announced a cash dividend of $0.13 per common share for December 2020, payable on January 4, 2021, to shareholders recorded on December 21, 2020. Additionally, it declared preferred dividends of $0.4765625 per share on the 7.625% Series B and $0.43125 per share on the 6.900% Series C, payable on January 15, 2021, to shareholders of record as of January 1, 2021. Dynex Capital is a REIT focusing on mortgage assets, investing in Agency and non-Agency RMBS, CMBS, and CMBS IO.
Dynex Capital, Inc. (NYSE: DX) has declared a cash dividend of $0.13 per common share for November 2020. This dividend is payable on December 1, 2020 to shareholders of record on November 20, 2020. Dynex Capital is a real estate investment trust that invests in mortgage assets, including Agency and non-Agency RMBS, CMBS, and CMBS IO. For further details, visit www.dynexcapital.com.
Dynex Capital reported third quarter 2020 results with a total economic return of 11.7% and a core net operating income of $0.61 per common share. The book value per common share rose to $18.25, up from $16.69 in Q2 2020. A comprehensive income of $1.92 per common share was achieved, driven by favorable asset valuations and low funding rates. Management remains positive about the outlook, citing central bank support despite fiscal policy uncertainties. Notable business activities included selling $382.3 million in Agency CMBS with gains of $20.8 million.
Dynex Capital (NYSE: DX) announced the appointment of Julia Coronado and Joy Palmer to its Board of Directors, effective October 27, 2020. This decision follows the resignation of Valerie Mosley, reducing the board to six members, with five being independent. President Byron Boston highlighted Coronado's extensive experience in fiscal policy and Palmer's expertise in mortgage finance as valuable assets. These appointments reflect the company's commitment to board refreshment and align with its long-term strategic vision.
Dynex Capital, Inc. (NYSE: DX) has announced a cash dividend of $0.13 per common share for October 2020. This dividend is set to be paid on November 2, 2020 to shareholders on record as of October 23, 2020. As an internally managed real estate investment trust (REIT), Dynex Capital invests in mortgage assets, leveraging Agency and non-Agency RMBS, CMBS, and CMBS IO. For further details, visit www.dynexcapital.com.
Dynex Capital, Inc. (NYSE: DX) is set to release its third-quarter financial results on October 28, 2020, before market opening. A conference call will follow at 10:00 am ET to discuss these results and the company's outlook. Participants can access the live audio webcast on the company's website, and an archive will be available shortly after the call. Dynex is a real estate investment trust focused on mortgage assets, both Agency and non-Agency RMBS, as well as CMBS.
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