Dynex Capital's Series B Preferred Stock Shares Cross 8% Yield Mark

In trading on Monday, shares of Dynex Capital, Inc.'s 7.625% Series B Cumulative Redeemable Preferred Stock (DX.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9062), with shares changing hands as low as $23.36 on the day. This compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, DX.PRB was trading at a 3.80% discount to its liquidation preference amount, versus the average premium of 1.68% in the "Real Estate" category.

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The chart below shows the one year performance of DX.PRB shares, versus DX:

Performance Comparison Chart

Below is a dividend history chart for DX.PRB, showing historical dividend payments on Dynex Capital, Inc.'s 7.625% Series B Cumulative Redeemable Preferred Stock:

DX.PRB+Dividend+History+Chart

In Monday trading, Dynex Capital, Inc.'s 7.625% Series B Cumulative Redeemable Preferred Stock ( DX.PRB) is currently down about 0.6% on the day, while the common shares ( DX) are down about 1.3%.

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