earnings
confidence high
sentiment positive
materiality 0.75
Dynex Capital Q3 economic return 7.1%, book value $13.00; monthly dividend raised to $0.15
DYNEX CAPITAL INC
2024-Q3 EPS reported
$0.84
- Economic return $0.89 per common share (7.1% of beginning book value); book value $13.00 per share.
- Comprehensive income $0.93 per share; net income $0.38 per share; dividends declared $0.39 for Q3.
- Monthly common dividend increased to $0.15 from $0.13; payable Dec 2, record Nov 22.
- Purchased $1.1B Agency RMBS; liquidity $708.7M; leverage at cost 7.6x equity.
- Net deferred tax hedge gains $625.4M; $26.7M expected to benefit Q4 2024 taxable income.