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 (NYSE: DX) announced its third quarter 2022 results, revealing a total economic loss of $(2.17) per common share, translating to a 12.9% decline in book value, now at $14.23. The company faced a comprehensive loss of $(2.20) per share and a net loss of $(1.07). Although net interest income dropped by approximately 50% and was affected by $2.7 million in severance expenses, significant gains of $149.6 million from interest rate hedges partially offset losses. The company maintains solid liquidity and aims to benefit from market stabilization.
Dynex Capital, Inc. (NYSE: DX) announced a cash dividend of
Dynex Capital, Inc. (NYSE: DX) will release its third-quarter financial results on October 24, 2022, before the market opens. The company will host a conference call and live audio webcast at 10:00 am ET to discuss its results and business outlook. Interested parties can access the webcast on the company’s website and are encouraged to dial in at least 10 minutes before the call at 1 (888) 330-2022 with passcode 1957092. Dynex operates as a REIT focused on ethical capital stewardship and diversified real estate financing in the United States.
Dynex Capital has declared a quarterly dividend of $0.43125 per share on its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for Q3 2022. This dividend will be paid on October 17, 2022, to shareholders on record as of October 1, 2022. The company aims to enhance stakeholder value through disciplined capital allocation and risk management, focusing on generating dividend income from diversified real estate financing in the U.S.
Dynex Capital (NYSE: DX) announced a cash dividend of
Dynex Capital, Inc. (NYSE: DX) announced a cash dividend of $0.13 per common share for August 2022. This dividend will be payable on September 1, 2022, to shareholders of record as of August 22, 2022. The company, committed to ethical stewardship and disciplined capital allocation, seeks to generate dividend income and long-term total returns through diversified financing of real estate assets across the United States.
Dynex Capital, NYSE: DX, announced its second quarter 2022 results, reporting a comprehensive loss of $(0.85) per share and net income of $0.70 per share. The total economic return (TER) was $(1.06) per share, or (5.8)% of the beginning book value of $16.79. Earnings available for distribution (EAD) were $0.40 per share. Despite a widening of spreads, total shareholder equity rose 7% to $842.4 million, and leverage increased to 6.6x. Management emphasized a focus on capital preservation and identified opportunities in the mortgage market for the latter half of 2022.
Dynex Capital (NYSE: DX) announced the resignation of long-term CFO Stephen J. Benedetti, effective August 5, 2022, after 28 years with the company. Robert S. Colligan, previously CFO at Chimera Investment Corporation, will assume the role. Benedetti will assist in the transition until August 31, 2022. CEO Byron L. Boston praised Benedetti's contributions and expressed confidence in Colligan's extensive experience, highlighting his suitability for Dynex's future amidst complex macroeconomic conditions.
Dynex Capital announced a cash dividend of
Dynex Capital, Inc. (NYSE: DX) will release its second-quarter financial results on July 25, 2022, before market opening. A conference call and live audio webcast are scheduled for 10:00 am ET to discuss these results and the company's business outlook. The live webcast can be accessed at www.dynexcapital.com, with an archive available two hours post-call. Interested participants can listen via phone by dialing 1 (888) 330-2022 and using the passcode 1957092.
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