earnings
confidence high
sentiment positive
materiality 0.75
Dynex Capital Q4 net income $0.61/sh, book value $12.70; monthly dividend raised to $0.15
DYNEX CAPITAL INC
2024-FY EPS reported
$1.49
- Q4 net income $49.2M ($0.61 basic, $0.60 diluted); full-year net income $106.2M ($1.50/sh).
- Book value per common share $12.70 (down from $13.31 Dec 2023); total economic return 1.0% for Q4, 7.4% for 2024.
- Monthly common dividend increased from $0.13 to $0.15 starting Nov 2024; Q4 div $0.43/sh, FY 2024 $1.60/sh.
- Raised $64.4M via ATM equity in Q4; total 2024 equity raise $332.0M net; leverage 7.9x; liquidity $658.3M.
- T.J. Connelly promoted to Chief Investment Officer; previously SVP Strategy and Research since 2023.