Dynex Capital's 6.90% Series C Preferred Stock Crosses 10% Yield Mark

Dynex Capital's Series C Preferred Stock has crossed the 10% yield mark with a quarterly dividend of $2.5659. The shares were trading as low as $25.61 on Wednesday, compared to an average yield of 7.78% in the "Real Estate" preferred stock category. The stock is currently up 0.4% on the day.

Dynex Capital's Series C Preferred Stock has crossed the 10% yield mark, with a quarterly dividend of $2.5659. The stock has been trading at a low of $25.61 on Wednesday, compared to an average yield of 7.78% in the "Real Estate" preferred stock category. Currently, the stock is up 0.4% on the day.

This significant yield increase comes as Dynex Capital continues to distribute dividends and manage its investment portfolio. The company's recent earnings report showed an EPS of $0.22, missing estimates, but revenue exceeded expectations at $23.13 million Dynex Capital (NYSE:DX) CFO Buys $50,904.00 in Stock^[1].

The stock's performance reflects a combination of factors, including its dividend policy and market conditions. Dynex Capital's high dividend payout ratio of 261.54% indicates a substantial distribution of earnings to shareholders, which can attract income-focused investors. However, the high payout ratio also suggests that the company may be relying heavily on dividends to attract investors, which could be a risk factor Dynex Capital (NYSE:DX) CFO Buys $50,904.00 in Stock^[1].

Institutional investors have also shown interest in Dynex Capital, with several hedge funds increasing their holdings in the stock. For example, Amalgamated Bank increased its holdings by 50.5% in the first quarter, and CWM LLC increased its holdings by 271.9% during the same period Dynex Capital (NYSE:DX) CFO Buys $50,904.00 in Stock^[1].

Despite the recent yield increase, analysts have mixed ratings for the stock. Keefe, Bruyette & Woods, UBS Group, and Jones Trading have all increased their price objectives on Dynex Capital, with some giving it an "outperform" or "buy" rating. However, the consensus rating is "Moderate Buy," with an average target price of $13.00 Dynex Capital (NYSE:DX) CFO Buys $50,904.00 in Stock^[1].

Investors should consider the stock's high dividend payout ratio and the potential risks associated with it, as well as the company's recent earnings performance and analyst ratings, when making investment decisions.