Douglas Neal
On June 15, 2026, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Douglas Neal as an independent director of the Company, effective immediately.
Highest-materiality recent filing
Dynex Capital Q2 2026 economic return $0.81/share; book value up to $12.90
Total economic return of $0.81 per common share (6.4% of beginning book value); book value per share $12.90, up $0.30 from Q1.
Board approved $300M common stock repurchase program through April 30, 2028, replacing prior program.
Dynex Capital Q1 2026: economic return -$0.34/share, book value drops to $12.60
Total economic return of $(0.34) per common share, or (2.5)% of beginning book value.
Dynex Capital Q4 2025 total economic return $1.29 per share; hires COO Meakin Bennett
Q4 2025 book value per share rose to $13.45 from $12.67; full-year comprehensive income $2.85 per share.
Dynex Capital Q3 2025: Total economic return $1.23/share, BV $12.67, raises $254M
Total economic return of $1.23 per share (10.3% of beginning BV) from $0.72 BV increase + $0.51 dividends declared.
Dynex Capital boosts ATM share authorization by 61.9M to 161.3M total
Amendment No. 7 to distribution agreement increases ATM shares by 61,939,730 to 161,292,973 total.
Dynex Capital Q2 2025 net loss $0.14/share; book value $11.95; raised $282M in ATM equity
Net loss to common shareholders of $16.3M ($0.14 diluted EPS); comprehensive loss of $0.11/share.
Shareholders approved amendment to Articles of Incorporation to increase authorized common shares from 180M to 360M; effective May 21, 2025.
Dynex Capital Q1 net loss $0.06 per share; book value down to $12.56
Net loss of $4.999M ($0.06 diluted EPS); comprehensive income of $0.16 per common share.
Dynex Capital Q4 net income $0.61/sh, book value $12.70; monthly dividend raised to $0.15
Q4 net income $49.2M ($0.61 basic, $0.60 diluted); full-year net income $106.2M ($1.50/sh).
Dynex Capital expands ATM offering by 33.2M shares, adds five agents
Amendment No. 5 increases total ATM shares to 69,353,243; 35,468,000 remain available for issuance.
Dynex Capital Q3 economic return 7.1%, book value $13.00; monthly dividend raised to $0.15
Economic return $0.89 per common share (7.1% of beginning book value); book value $13.00 per share.
Dynex Capital promotes Popenoe to Co-CEO, appoints Colligan COO and new CTO
Smriti Popenoe named Co-CEO alongside Chairman Byron Boston; remains President and CIO.
Dynex Capital Q2: $0.31 economic loss per share, B/V $12.50, $124.7M equity raised
Total economic loss of $(0.31) per common share (2.4% of beginning book value); comprehensive loss of $(0.18) per share.
Dynex Capital prices 10.5M share offering at $11.88/share, net proceeds ~$124.5M
10.5M common shares priced at $11.88; underwriter has 30-day option to buy up to 1.575M additional shares.
Dynex Capital Q1: book value $13.20, economic return $0.28; announces $150M repurchase program
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).
Dynex Capital Q4 total economic return $1.45/share, book value up to $13.31
Total economic return of $1.45 per common share (11.8% of beginning book value) for Q4 2023; comprehensive income of $1.44 per share.
Dynex Capital Q3 2023: $1.56 economic loss per share; book value drops to $12.25
Total economic loss of $(1.56) per common share; book value fell $1.95 to $12.25.
Dynex Capital reports Q3 2023 net loss of $0.82/sh; book value falls to $12.25
Total economic loss of $(1.56) per common share, or (11.0)% of beginning book value.
Dynex Capital Q2 net income $0.97 per share; book value $14.20
Book value per share up $0.40 to $14.20; total economic return $0.79 per share (5.7% of beginning book value).
Dynex Capital Q1 net loss $0.81/sh, book value falls to $13.80 from $14.73
Comprehensive loss of $(0.54) per common share; net loss $(0.81) per share.
Dynex Capital increases ATM equity offering capacity by 13M shares to 36.1M shares
Amendment No. 4 raises shares available for sale under distribution agreement from 23,117,622 to 36,117,622.
Dynex Capital Q4 2022 book value $14.73; full-year economic return negative 9.5%
Book value per common share $14.73 at Dec 31, 2022, down from $17.99 a year earlier.
Dynex Capital Q3 total economic loss of $(2.17)/share; book value falls to $14.23
Total economic loss of $(2.17)/common share, or (12.9)% of beginning book value.
Dynex Capital declares monthly $0.13 dividend; preliminary Q3 book value down to ~$14.30 from $16.79
Monthly common dividend of $0.13 per share declared for October 2022; payable Nov 1, 2022 to holders of record Oct 21, 2022.
Dynex Capital Q2 2022: net income $0.70/share, comprehensive loss $(0.85)/share, book value $16.79
Comprehensive loss of $(0.85) per common share; net income of $0.70 per share.
Dynex Capital Q1 2022: comprehensive income $0.65/sh, book value $18.24
Net income $3.14 per common share; comprehensive income $0.65 per share.
Dynex Capital Q4 comprehensive loss $0.04/shr; full year income $0.53/shr; BV $17.99
Q4 comprehensive loss of $(0.04) per share vs Q3 income of $0.09; full year comprehensive income $0.53 per share.
On June 15, 2026, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Douglas Neal as an independent director of the Company, effective immediately.
Mr. Boston’s new title is Co-Chief Executive Officer and Chairman of the Board.
Also on July 18, 2024, the Board appointed Robert S. Colligan, the Company’s current Executive Vice President, Chief Financial Officer and Secretary, as the Company’s Chief Operating Officer, effective as of July 22, 2024.
On July 18, 2024, the board of directors (the “ Board ”) of Dynex Capital, Inc. (the “ Company ”) appointed Smriti L. Popenoe, the Company’s current President and Chief Investment Officer, as the Company’s Co-Chief Executive Officer and co-principal executive officer, effective as of July 22, 2024, to serve alongside Byron L. Boston, the Company’s current Chairman of the Board and Chief Executive Officer.
appointed Marie Chandoha as an independent director of the Company, effective June 1, 2024.
On March 11, 2024, the Board accepted the resignation of Board members Michael Hughes and Robert Salcetti, effective as of March 11, 2024.
On March 6, 2024, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Andrew Gray and Alexander Crawford as directors of the Company, effective as of March 6, 2024.
On March 11, 2024, the Board accepted the resignation of Board members Michael Hughes and Robert Salcetti, effective as of March 11, 2024.
On March 6, 2024, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Andrew Gray and Alexander Crawford as directors of the Company, effective as of March 6, 2024.
On September 8, 2023, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Smriti L. Popenoe as a director of the Company.
Stephen J. Benedetti, the Company’s Executive Vice President, Chief Financial Officer, Chief Operating Officer, Secretary, and principal financial officer will step down from his officer positions with the Company, effective as of the close of business on August 5, 2022.
the Board of Directors (the " Board ") of Dynex Capital, Inc. (the “ Company ”) approved the appointment of Robert S. Colligan as the Company’s Executive Vice President, Chief Financial Officer, and Secretary, effective as of the close of business on August 5, 2022.
Max materiality 0.80 · Median 0.60 · Most common event earnings