Dynex Capital declares $0.17 per share dividend for June 2025

GLEN ALLEN, Va. - Dynex Capital, Inc. (NYSE:DX) announced its Board of Directors has declared a cash dividend of $0.17 per share on its Common Stock for June 2025, payable on July 1, 2025, to shareholders of record as of June 23, 2025. The company currently offers an attractive dividend yield of 16.6% and has maintained dividend payments for 18 consecutive years, according to InvestingPro data.

The company also declared a quarterly cash dividend of $0.62395 per share on its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:DXPRC) for the second quarter of 2025. This preferred dividend will be paid on July 15, 2025, to shareholders of record as of July 1, 2025.

According to the press release, the Series C Preferred shares accrue dividends at a floating rate equal to Three-Month CME Term SOFR plus 0.26161% plus 5.461%. The dividend rate for the period ending July 14, 2025, is 9.98315% per annum.

Dynex Capital operates as a Real Estate Investment Trust (REIT) and focuses on financing real estate assets in the United States. The company is internally managed and describes its business approach as employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term returns.

This information is based on a company press release statement issued by Dynex Capital.

In other recent news, Dynex Capital reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of 33 cents, compared to the projected 28 cents. However, the company’s revenue fell short, recording $17.13 million against the expected $31.04 million. During the same period, Dynex Capital raised $270 million in new capital, bolstering its liquidity position, which remains a key focus for the company. Additionally, Dynex Capital has declared a monthly cash dividend of $0.17 per share for May 2025, payable on June 2, 2025.

In a strategic move, Dynex Capital expanded its at-the-market stock offering program, increasing the number of shares available by 30 million, bringing the total to over 99 million shares. This expansion is part of Dynex Capital’s ongoing capital management strategy. The company has not specified the intended use for the proceeds from these additional shares. Analysts have noted the company’s continued focus on Agency Residential Mortgage-Backed Securities (RMBS) and its commitment to maintaining a strong liquidity position.

These developments reflect Dynex Capital’s strategic efforts to manage risk and enhance shareholder value amid challenging market conditions.

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