On 12/27/13, Dynex Capital, Inc.'s 8.50% Series A Cumulative Redeemable Preferred Stock (DX.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 1/15/14. As a percentage of DX.PRA's recent share price of $22.97, this dividend works out to approximately 2.31%, so look for shares of DX.PRA to trade 2.31% lower — all else being equal — when DX.PRA shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 9.16%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, DX.PRA was trading at a 7.20% discount to its liquidation preference amount. The chart below shows the one year performance of DX.PRA shares, versus DX:
Below is a dividend history chart for DX.PRA, showing historical dividends prior to the most recent $0.5312 on Dynex Capital, Inc.'s 8.50% Series A Cumulative Redeemable Preferred Stock :
According to the ETF Finder at ETF Channel, Dynex Capital, Inc. (DX) makes up 1.09% of the Mortgage REIT Income ETF (MORT) which is trading relatively unchanged on the day Thursday.