In trading on Wednesday, shares of Dynex Capital, Inc.'s 8.50% Series A Cumulative Redeemable Preferred Stock (DX.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.125), with shares changing hands as low as $23.55 on the day. This compares to an average yield of 7.63% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, DX.PRA was trading at a 5.00% discount to its liquidation preference amount, versus the average discount of 4.58% in the "Real Estate" category.
Dynex Capital's Series A Preferred Stock Shares Cross 9% Yield Mark
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