Dynex Capital (DX) Lowers Quarterly Dividend 12.5% to $0.21; 12.2% Yield

Dynex Capital (NYSE: DX) declared a quarterly dividend of $0.21 per share, or $0.84 annualized. This is a 12.5% decrease from the prior dividend of $0.24.

The dividend will be payable on April 29, 2016, to stockholders of record on April 1, 2016, with an ex-dividend date of March 30, 2016.

The annual yield on the dividend is 12.2 percent.

The Company also announced that it will pay the regular quarterly dividend of $0.53125 per share on its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: DXPRA) and $0.4765625 per share on its 7.625% Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB). Both dividends will be paid on April 15, 2016 to shareholders of record of the Series A and Series B Preferred Stocks as of April 1, 2016.

For a dividend history and other dividend-related data on Dynex Capital (DX) click here.

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