DX

Dynex Capital, Inc. delivered strong Q2 results, with book value growth, robust economic return (~6%), and a maintained 15%+ dividend yield. DX's performance hinges on effective capital allocation, healthy agency MBS spreads, and the ability to issue shares above book value, fueling a virtuous growth cycle. Leverage (~8.1x) amplifies the income, supporting double-digit dividend yields, though sustainability depends on macro cycles and prepayment risks.

Dynex Capital, Inc. (DX) Q2 2026 Earnings Call Transcript

Dynex Capital NYSE: DX reported what executives described as a strong second quarter of 2026, citing book value growth, accretive capital issuance and continued expansion of its Agency mortgage-backed securities portfolio.

GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE: DX; "Dynex" or the "Company"), a REIT with a long track record of generating dividends from high-quality mortgage assets, reported its second quarter financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call." Second Quarter 2026 Financial Highlights Total economic return of $0.81 per c.

Mortgage REITs are advertising some of the fattest yields in the U.S.

GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE: DX; “Dynex” or the “Company”), a REIT with a long track record of generating dividends from high-quality mortgage assets, announced today that it will release its financial results for the second quarter of 2026 before market open on Monday, July 20, 2026. In addition, Dynex's management team will host a conference call and live audio webcast to discuss its second quarter 2026 financial results that same morning at 10:00 a.m. ET. Webc.

Dynex Capital remains attractive as a short-term macro play, leveraging current rate conditions and mortgage spread opportunities. DX's recent performance saw an 18% total return since my last coverage, primarily from distributions, despite a 5.42% YTD market value decline. Unrealized Q1 losses of $251.8M, partially offset by hedging, highlight exposure to systemic shocks like the U.S.-Iran war.

GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE: DX) (“Dynex” or the “Company”), a real estate investment trust focused on generating attractive risk-adjusted returns from high-quality mortgage assets, today announced that Douglas Neal has been appointed as an independent director to its Board of Directors (the “Board”), effective June 15, 2026. “We are pleased to welcome Doug to the Board as an independent director,” said Byron Boston and Smriti Popenoe, Co-Chief Executive Officers.

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GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE: DX; “Dynex” or the “Company”), a REIT with a long track record of generating dividends from high-quality mortgage assets, announced today that the Company's Board of Directors has declared a cash dividend of $0.17 per share on its Common Stock for June 2026. The Common dividend is payable on July 1, 2026 to shareholders of record as of June 22, 2026. The Company's Board also declared a quarterly cash dividend of $0.59416 per share of.