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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts