Dynex Capital’s Series C Preferred Shares Breach 9.5% Yield Threshold

Shares of Dynex Capital Inc’s 6.90% Series C Fix/Float Cumulative Redeemable Preferred Stock (DX.PRC) traded above the 9.5% yield threshold on Tuesday, driven by its quarterly dividend annualized to $2.4317, with intraday prices dipping as low as $25.59. This yield significantly exceeds the 8.28% average for the “Real Estate” preferred stock category, per Preferred Stock Channel. Additionally, DX.PRC closed at a 4.00% premium to its liquidation preference, contrasting sharply with the sector’s average discount of 16.39%.

The chart below illustrates the one-year performance of DX.PRC shares compared to the common stock (DX):

Below is a dividend history chart for DX.PRC, depicting the historical dividend payments on Dynex Capital Inc’s 6.90% Series C Fix/Float Cumulative Redeemable Preferred Stock:

During Tuesday’s session, Dynex Capital Inc’s 6.90% Series C Fix/Float Cumulative Redeemable Preferred Stock (DX.PRC) fell approximately 1.4%, while the common shares (DX) rose about 0.8%.

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