Dynex Capital, Inc. Announces Third Quarter Common and Preferred Stock Dividends

Published on Thursday, 09 September 2010 16:38 Written by TradersHuddle Staff

Dynex Capital, Inc. (NYSE: DX) announced today that its Board of Directors has increased the quarterly dividend on its common stock to $0.25 per share for the third quarter of 2010. The Company had paid $0.23 per common share since the third quarter of 2008. Due to its participation feature, the Series D 9.50% Cumulative Convertible Preferred Stock will also receive $0.25 per share instead of the normal quarterly rate of $0.2375 per share. Both the common and preferred dividends will be payable on October 29, 2010 to shareholders of record as of September 30, 2010.

Mr. Thomas Akin, Chairman and Chief Executive Officer commented, “We are pleased to be in a position to increase the dividend this quarter reflecting the solid prospects for the Company. Our goal is to provide an attractive total return for our shareholders and the dividend is an important component of that return.”

Dynex Capital, Inc. is a real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency and non-Agency RMBS and CMBS. The Company also has investments in securitized single-family residential and commercial mortgage loans originated by the Company from 1992 to 1998. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the business of Dynex Capital, Inc. that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of these risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.