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

Fool contributor Eric Volkman has no position in Dynex Capital. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.