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Dynex Capital, Inc. Announces Fourth Quarter Common Stock Dividend

^{Published on 2010-12-13 06:25:15 - Market Wire}
 

GLEN ALLEN, Va.--([ BUSINESS WIRE ])--Dynex Capital, Inc. (NYSE: DX) announced today that its Board of Directors has increased the quarterly dividend on its common stock to $0.27 per share for the fourth quarter of 2010. The common stock dividend will be payable on January 31, 2011 to shareholders of record as of December 31, 2010. The Company paid $0.25 per common share in the third quarter of 2010.

Mr. Thomas Akin, Chairman and Chief Executive Officer commented, aWe are particularly pleased to announce this increase in the Dynex dividend, the second increase this year. Our portfolio has continued to provide stable cash flow and the investments added this year have been accretive to our book value and earnings. Our dividend increase represents our confidence in our forward cash flow prospects and returns our common stock yield to over 10%. Dynex does not dividend all of its earnings, instead choosing to retain a portion for reinvestment and to grow book value. This dividend increase demonstrates the soundness of that growth strategy, and we look forward to continuing on this path into the future.a

Dynex Capital, Inc. is areal estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Companyinvests in Agency, and non-Agency RMBS and CMBS. The Companyalso has investments in securitized single-family residential and commercial mortgage loansoriginated by the Companyfrom 1992 to 1998. Additional information about Dynex Capital, Inc. is available at [ www.dynexcapital.com ].

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regardingthe business of Dynex Capital, Inc.that are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements regardingfutureoperating performance and futurebusiness, investment and capitalstrategies. For a discussion ofthese risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.