Dynex Capital Announces $0.17 Per Share Monthly Dividend
Dynex Capital (DX) has declared a monthly dividend of $0.17 per share, consistent with its previous payouts. The forward yield is currently at 18.72%, reflecting the high return for shareholders. The dividend will be payable on November 2 to shareholders of record as of October 22, with an ex-dividend date also set for October 22. The company has been active in its capital structure strategy, having recently priced a $120 million Series D preferred stock offering and outlining a leverage range between 7.5% and 8.5%. Additionally, the Chief Investment Officer (CIO) anticipates Agency MBS spreads stabilizing at an equilibrium of 100 to 120 basis points. Dynex Capital's consistent dividend payments have attracted attention from investors seeking high-yield opportunities in preferred stocks such as DXPRD, which offers a yield of up to 9.375%. However, analysts note that while the company’s performance provides stability for its preferred shares, careful monitoring of dividend coverage is necessary.
Tickers: $DX