Dynex Capital Keeps Q2 Dividend Steady

Dynex Capital (NYSE: DX  ) is maintaining its dividend. The company on Thursday declared a Q2 common stock distribution of $0.29 per share to be paid on July 31 to shareholders of record as of June 28.

That amount matches each of the REIT's previous four distributions, the most recent of which was handed out at the end of April. Prior to that, Dynex Capital paid $0.28 per share. The company's payout has almost tripled (from $0.10 per share to the present level) since it relaunched dividends in 2008 after a nearly 10-year hiatus.

The Q2 distribution annualizes to $1.16 per share, which yields 11.1% at Dynex Capital's most recent closing stock price of $10.48.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2490083, ~/Articles/ArticleHandler.aspx, 10/1/2014 4:52:02 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement