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

In trading on Wednesday, 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 $23.76 on the day. This compares to an average yield of 6.85% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, DX.PRB was trading at a 4.08% discount to its liquidation preference amount, versus the average premium of 3.10% in the "Real Estate" category.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

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 Wednesday trading, Dynex Capital, Inc.'s 7.625% Series B Cumulative Redeemable Preferred Stock ( DX.PRB) is currently down about 0.8% on the day, while the common shares ( DX) are up about 0.9%.

More from Stocks

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Should Tesla Nominate a New CEO Not Named Elon Musk?

Should Tesla Nominate a New CEO Not Named Elon Musk?