Dynex Capital Preferred Share Offers 9% High Dividend Yield

Dynex Capital's (DX) preferred share, DX-C, offers a 9.14% stripped yield as of the time of writing. However, investors should be cautious due to the callable nature of the shares, which could result in a loss of up to $0.60 to $0.65 in total cash flow to shareholders if called. Call risk is a significant consideration when investing in these shares.