Dynex Capital, Inc. (DX) is a U.S.-domiciled real estate investment trust. Invests in mortgage-backed securities, primarily agency-backed residential securities, using borrowing and interest-rate hedges.
Business
Mortgage REIT
Listing
DX · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
Earnings available for distribution per common share$0.3600
$0.00$0.40
This is the approved, explicitly named recurring earnings measure for 2026 Q2. Fly High’s matching portfolio figures take priority in the current dividend assessment. Quarterly results and annual figures retain their separate periods.
Income and capital are exposed to interest-rate spreads, prepayments, hedge performance and financing liquidity.
Monitor
A deterioration can reduce future distributions or shareholder capital.
Financing risk
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Monitor
A deterioration can reduce future distributions or shareholder capital.
Distribution risk
The board can change the dividend. A high yield can reflect a falling share price and does not establish earnings coverage.
Monitor
A deterioration can reduce future distributions or shareholder capital.
The assets behind the earnings
How DX makes money
Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.
The income-producing business
Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
At 2026-06-30, Dynex Capital, Inc. reported $26.420 billion of total assets and $23.245 billion of total liabilities.
Liabilities represented 88.0% of reported assets. This broad balance-sheet measure includes more than borrowing and must not be read as a debt-to-equity ratio. Funding costs and asset losses can both reduce the earnings available to shareholders.
For 2026-04-01 to 2026-06-30, Dynex Capital, Inc. reported $180.793 million of gaap net income.
Each bar is a separately reported statement measure for the same quarter; the bars are not additive. GAAP net income is not substituted for distributable earnings or funds from operations. A maintained dividend must be assessed against the issuer’s relevant recurring earnings measure and financing requirements.
Dynex Capital, Inc. reported $0.8000 per share for 2026-04-01 to 2026-06-30, measured as Reported GAAP diluted earnings per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to interest-rate spreads, prepayments, hedge performance and financing liquidity.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
For Dynex Capital, Inc., follow Reported GAAP diluted earnings per common share; actual reporting period, not annualized in the next financial report, the announced cash distribution and financing costs. Key exposures to reassess: operating and investment risk, financing risk.
Current evidence and recent developments
Reported GAAP diluted earnings per common share: $0.80 for 2026-04-01 to 2026-06-30; actual reported period, not annualized.
Latest regular monthly cash dividend: $0.1700.
Eligibility yield: 16.29% using the recorded distribution method on 2026-09-11.
What to watch next
The next dividend declaration and any change in the regular payment.
Quarterly operating results, with particular attention to interest-rate spreads, prepayments, hedge performance and financing liquidity.
Debt maturities, financing costs and any significant portfolio or property transactions.
Fly High context
Assess recurring earning resources, credit or tenant performance and financing before interpreting the stated yield.
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U.S. federal · Tax year 2025
Dividend tax treatment
DX's 2025 issuer tax table classifies part of common-share distributions as ordinary dividends and the remainder as return of capital.
Total ordinary dividends
93.1%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
6.9%
Tax year: 2025. Total distributions: $1.98 per share.
Tax details and source
Total ordinary dividends (includes qualified)
93.1%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-02-25
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
