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.
Ex-Div Reminder for Dynex Capital Series A Cumulative Redeemable Preferred Stock
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