---
schema_version: "secwatch.filing_event.v1"
accession: "0000826675-24-000047"
form_type: "8-K"
ticker: "DX"
cik: "0000826675"
company_name: "DYNEX CAPITAL INC"
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T14:58:23.566639+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dynex Capital Q1: book value $13.20, economic return $0.28; announces $150M repurchase program

## Summary
- Book value per common share $13.20 (down from $13.31 at Dec 31); total economic return $0.28 per share (2.1% of beginning BV).
- Net income $0.65 per share; comprehensive income $0.35 per share; dividends declared $0.39 per common share.
- New share repurchase program: up to $100M common stock and $50M preferred stock, authorized through April 30, 2026.
- Raised $86.8M in equity via ATM issuances; liquidity $577.1M; leverage at 8.1x shareholders' equity.
- Net interest expense of $3.2M driven by high financing costs; hedging gains of $165.5M unrealized offset MBS losses.

## SEC filing metadata
- accession: 0000826675-24-000047
- form_type: 8-K
- ticker: DX
- cik: 0000826675
- company_name: DYNEX CAPITAL INC
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826675/000082667524000047/0000826675-24-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826675/000082667524000047/dx-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826675-24-000047
- JSON: https://secwatch.observer/filing/0000826675-24-000047.json
- Plain text: https://secwatch.observer/filing/0000826675-24-000047.txt

## Key facts
- Earnings Releases
  DYNEX CAPITAL INC reported financial results for the quarter ended March 31, 2024.
  - Period: the quarter ended March 31, 2024
  - Result: reported results
  source text: On April 22, 2024, Dynex Capital, Inc. (the "Company") issued a press release, which is available on its website ( www.dynexcapital.com under “Investor Center/News & Market Information”), reporting its financial condition and financial results as of and for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/826675/000082667524000047/0000826675-24-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.