GLEN ALLEN, Va.- Dynex Capital, Inc.(NYSE: DX) has announced the declaration of a dividend on its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE: DXPRC) for the second quarter of 2024.Shareholders of the Series C Preferred Stock will receive a regular quarterly dividend of $0.43125 per share on July 15, 2024, if they are recorded as shareholders as of July 1, 2024.
This news comes on the heels of Dynex Capital’s previous announcement on October 12, 2023, where the company navigated market challenges and declared a monthly dividend for shareholders.Despite facing difficulties, the company has continued to prioritize shareholder returns.
In the first quarter of 2024, Dynex Capital’s 12 Months dividend payout ratio increased to 139.42, showing a positive trend.However, the ratio remained below the sector average.The company’s performance compared to its peers in the Financial sector has also seen improvement, with a rise in ranking from 0 to 15 among all companies.
Overall, Dynex Capital, Inc.continues to demonstrate strong financial performance and commitment to rewarding its shareholders through consistent dividends.
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