Company Overview

Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia.

  • Name

    Dynex Capital, Inc.

  • CEO

    Byron L. Boston

  • Website

    www.dynexcapital.com

  • Sector

    Mortgage Real Estate Investment Trusts (REITs)

  • Year Founded

    1987

Company Statistics

Profile

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Margins

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Returns (5Yr Avg)

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Valuation (TTM)

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Valuation (NTM)

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Financial Health

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Growth (CAGR)

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Dividends

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What's happening

Nov 13, 2025 - Dec 13, 2025

Dynex Capital Faces Pressure Amid Dividend Declaration and Market Uncertainty

  • Dynex Capital's recent dividend announcement failed to boost investor confidence, coinciding with a stock price drop.
  • Broader market conditions contributed to the company's underperformance relative to both the S&P 500 and its sector peers.
  • Economic uncertainty has led to cautious trading behavior among investors, impacting Dynex's stock value significantly.

Over the past month, Dynex Capital (NYSE: DX) experienced a decline of 1.6%. This performance starkly contrasts with the S&P 500, which recorded a minor loss of only 0.2%. The negative trend for Dynex was primarily driven by bearish sentiment surrounding its recent dividend declaration amid challenging broader market conditions. On December 12, DX announced a quarterly dividend of $0.17 per share, equating to an annualized yield of 5%. However, this announcement did not instill confidence in investors as anticipated; instead, it coincided with a decrease in stock price by 0.7% on that same day.

The overall economic environment exerted downward pressure on DX’s stock throughout the month due to indicators suggesting uncertainty in financial markets. This climate fostered cautious trading behavior among investors who may have viewed the company’s decision regarding dividends as insufficient given prevailing macroeconomic challenges and expectations for stronger performance metrics or growth signals.

In addition to announcing dividends for common shares, DX also revealed plans concerning its Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock dividends scheduled for January 2026. While such announcements are typically intended to reassure shareholders about ongoing returns, they failed to alleviate concerns regarding overall company performance during this period marked by volatility.

Dynex Capital Inc underperformed not only against the S&P but also lagged behind its sector peers within Financials (XLF), where it fell short by approximately -4%. This significant contrast underscores underlying issues affecting investor sentiment towards DX specifically amid broader economic trends impacting financial stocks generally. Overall market dynamics overshadowed any perceived stability from dividend payments during this one-month review period; thus highlighting persistent bearish sentiments that ultimately led to declines in stock value over time.

Dynex Capital Inc underperformed the Financials (XLF) sector by -4.0%.

NYSE:DX