Dynex Capital, Inc. (DX)Real Estate | REIT - Mortgage | Glen Allen, United States | NYSE
12.91 USD
+0.01
(0.078%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 12.95 +0.04 (0.310%) ⇧ (Aug. 28, 2026, 7:56 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:49 a.m. EDT
Dynex Capital presents a classic value trap scenario where a massive dividend yield masks a fundamentally broken balance sheet. While the 15.4% yield is attractive, the company is paying out nearly 65% of its earnings while carrying debt-to-equity leverage exceeding 700%. This indicates the dividend is likely being funded by borrowing or asset liquidation rather than organic cash flow, making it unsustainable in the long run. The stock has suffered a catastrophic 44% decline over the last nine years, confirming the market's rejection of its business model despite recent flat performance. Although the short-term outlook is neutral due to the lack of a multi-year downtrend and potential mean reversion, the structural damage to equity value makes this a dangerous hold for long-term investors. The options market agrees with this caution, with traders aggressively buying downside protection ahead of earnings. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.013717 |
| AutoARIMA | 0.013718 |
| MSTL | 0.014253 |
| AutoTheta | 0.014870 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 59% |
| H-stat | 0.90 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.961 |
| Excess Kurtosis | -0.19 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-08-20 |
| Last Dividend Date | 2026-08-20 |
| Debt to Equity Ratio | 713.492 |
| Revenue per Share | 2.809 |
| Market Cap | 3,194,315,520 |
| Trailing P/E | 4.12 |
| Forward P/E | 8.23 |
| Beta | 0.94 |
| Profit Margins | 86.84% |
| Website | https://www.dynexcapital.com |
As of Aug. 22, 2026, 4:49 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (especially the $20 strike for September expiration), suggesting a fear of a significant downside gap. Conversely, call activity is concentrated in the money, indicating a belief that the stock will hold its floor rather than surge. Implied volatility is elevated for near-term protection, reflecting uncertainty around the upcoming earnings report.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.30% | 15.51% | 14.54% | 13.14% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-21 | 0.17 | 1.304682 |
| 2026-07-23 | 0.17 | 1.349206 |
| 2026-06-22 | 0.17 | 1.323988 |
| 2026-05-21 | 0.17 | 1.322957 |
| 2026-04-23 | 0.17 | 1.250000 |
| 2026-03-23 | 0.17 | 1.368760 |
| 2026-02-23 | 0.17 | 1.216893 |
| 2026-01-21 | 0.17 | 1.183020 |
| 2026-01-02 | 0.17 | 1.207386 |
| 2025-11-21 | 0.17 | 1.260193 |
| 2025-10-23 | 0.17 | 1.284958 |
| 2025-09-22 | 0.17 | 1.434599 |
| 2025-08-22 | 0.17 | 1.364366 |
| 2025-07-23 | 0.17 | 1.333333 |
| 2025-06-23 | 0.17 | 1.415487 |
| 2025-05-23 | 0.17 | 1.434599 |
| 2025-04-23 | 0.17 | 1.433390 |
| 2025-03-24 | 0.17 | 1.227437 |
| 2025-02-24 | 0.15 | 1.077586 |
| 2025-01-23 | 0.15 | 1.190476 |
| 2025-01-02 | 0.15 | 1.190476 |
| 2024-11-22 | 0.15 | 1.210654 |
| 2024-10-25 | 0.13 | 1.047542 |
| 2024-09-23 | 0.13 | 1.049233 |
| 2024-08-23 | 0.13 | 1.055195 |
| 2024-07-23 | 0.13 | 1.044177 |
| 2024-06-24 | 0.13 | 1.088777 |
| 2024-05-22 | 0.13 | 1.056911 |
| 2024-04-22 | 0.13 | 1.134380 |
| 2024-03-21 | 0.13 | 1.059495 |
| 2024-02-22 | 0.13 | 1.062092 |
| 2024-01-22 | 0.13 | 1.045016 |
| 2023-12-21 | 0.13 | 1.028481 |
| 2023-11-22 | 0.13 | 1.140351 |
| 2023-10-25 | 0.13 | 1.348548 |
| 2023-09-21 | 0.13 | 1.066448 |
| 2023-08-22 | 0.13 | 1.074380 |
| 2023-07-20 | 0.13 | 1.035032 |
| 2023-06-22 | 0.13 | 1.057771 |
| 2023-05-19 | 0.13 | 1.198157 |
| 2023-04-20 | 0.13 | 1.101695 |
| 2023-03-20 | 0.13 | 1.123596 |
| 2023-02-17 | 0.13 | 0.942712 |
| 2023-01-20 | 0.13 | 0.897170 |
| 2022-12-22 | 0.13 | 1.004637 |
| 2022-11-18 | 0.13 | 1.063830 |
| 2022-10-20 | 0.13 | 1.114923 |
| 2022-09-22 | 0.13 | 0.926586 |
| 2022-08-19 | 0.13 | 0.807453 |
| 2022-07-21 | 0.13 | 0.783133 |
| 2022-06-23 | 0.13 | 0.836013 |
| 2022-05-20 | 0.13 | 0.815558 |
| 2022-04-21 | 0.13 | 0.849673 |
| 2022-03-21 | 0.13 | 0.824873 |
| 2022-02-18 | 0.13 | 0.807453 |
| 2022-01-21 | 0.13 | 0.821745 |
| 2021-12-17 | 0.13 | 0.800000 |
| 2021-11-19 | 0.13 | 0.744133 |
| 2021-10-21 | 0.13 | 0.728291 |
| 2021-09-21 | 0.13 | 0.748848 |
| 2021-08-20 | 0.13 | 0.744986 |
| 2021-07-21 | 0.13 | 0.728291 |
| 2021-06-18 | 0.13 | 0.680628 |
| 2021-05-21 | 0.13 | 0.664622 |
| 2021-04-21 | 0.13 | 0.664282 |
| 2021-03-19 | 0.13 | 0.700809 |
| 2021-02-19 | 0.13 | 0.688559 |
| 2021-01-22 | 0.13 | 0.705372 |
| 2020-12-18 | 0.13 | 0.723428 |
| 2020-11-19 | 0.13 | 0.738217 |
| 2020-10-22 | 0.13 | 0.818125 |
| 2020-09-23 | 0.13 | 0.846354 |
| 2020-08-20 | 0.13 | 0.817610 |
| 2020-07-22 | 0.13 | 0.834939 |
| 2020-06-19 | 0.13 | 0.907188 |
| 2020-05-21 | 0.15 | 1.167315 |
| 2020-04-21 | 0.15 | 1.091703 |
| 2020-03-20 | 0.15 | 1.266892 |
| 2020-02-21 | 0.15 | 0.770812 |
| 2020-01-23 | 0.15 | 0.828272 |
| 2019-12-20 | 0.15 | 0.885478 |
| 2019-11-21 | 0.15 | 0.920245 |
| 2019-10-18 | 0.15 | 0.974026 |
| 2019-09-20 | 0.15 | 1.014885 |
| 2019-08-21 | 0.15 | 1.009421 |
| 2019-07-19 | 0.18 | 1.052632 |
| 2019-06-25 | 0.18 | 1.075269 |
| 2019-05-24 | 0.18 | 1.043478 |
| 2019-04-18 | 0.18 | 0.985222 |
| 2019-03-21 | 0.18 | 1.003344 |
| 2019-02-13 | 0.18 | 0.986842 |
| 2019-01-17 | 0.18 | 0.966184 |
| 2018-12-28 | 0.54 | 3.092784 |
| 2018-10-02 | 0.54 | 2.912621 |
| 2018-07-03 | 0.54 | 2.786378 |
| 2018-04-02 | 0.54 | 2.825746 |
| 2017-12-28 | 0.54 | 2.535211 |
| 2017-10-02 | 0.54 | 2.521008 |
| 2017-07-03 | 0.54 | 2.575107 |
| 2017-04-03 | 0.54 | 2.604920 |
| 2016-12-28 | 0.63 | 3.061225 |
| 2016-10-03 | 0.63 | 2.957747 |
| 2016-07-01 | 0.63 | 3.120357 |
| 2016-03-30 | 0.63 | 3.157895 |
| 2015-12-29 | 0.72 | 3.686636 |
| 2015-10-02 | 0.72 | 3.785489 |
| 2015-07-01 | 0.72 | 3.191489 |
| 2015-04-01 | 0.72 | 2.912621 |
| 2014-12-29 | 0.75 | 2.965599 |
| 2014-10-01 | 0.75 | 3.132832 |
| 2014-07-01 | 0.75 | 2.923977 |
| 2014-04-02 | 0.75 | 2.900232 |
| 2013-12-27 | 0.81 | 3.341584 |
| 2013-10-03 | 0.81 | 3.169014 |
| 2013-06-26 | 0.87 | 2.900000 |
| 2013-03-27 | 0.87 | 2.717901 |
| 2012-12-27 | 0.87 | 3.085106 |
| 2012-10-03 | 0.87 | 2.783109 |
| 2012-07-03 | 0.87 | 2.823759 |
| 2012-04-03 | 0.84 | 3.010753 |
| 2011-12-28 | 0.84 | 3.040174 |
| 2011-09-28 | 0.81 | 3.329223 |
| 2011-06-28 | 0.81 | 2.755102 |
| 2011-03-29 | 0.81 | 2.708124 |
| 2010-12-29 | 0.81 | 2.479339 |
| 2010-09-28 | 0.75 | 2.321263 |
| 2010-06-28 | 0.69 | 2.446808 |
| 2010-03-29 | 0.69 | 2.561247 |
| 2009-12-29 | 0.69 | 2.619590 |
| 2009-09-28 | 0.69 | 2.699531 |
| 2009-06-26 | 0.69 | 2.787879 |
| 2009-03-27 | 0.69 | 3.150685 |
| 2008-12-18 | 0.69 | 3.372434 |
| 2008-08-27 | 0.69 | 2.893082 |
| 2008-05-20 | 0.45 | 1.693002 |
| 2008-02-13 | 0.30 | 1.061571 |
| 1998-09-28 | 3.00 | 3.076923 |
| 1998-06-26 | 3.60 | 2.926829 |
| 1998-03-27 | 3.60 | 2.500000 |
| 1997-12-29 | 4.20 | 2.654028 |
| 1997-09-26 | 4.14 | 2.338983 |
| 1997-06-26 | 4.02 | 2.330435 |
| 1997-03-26 | 3.90 | 2.300885 |
| 1996-12-27 | 3.72 | 2.175439 |
| 1996-09-26 | 3.51 | 2.424870 |
| 1996-06-26 | 3.30 | 2.279793 |
| 1996-03-27 | 3.06 | 2.518519 |
| 1995-12-27 | 2.88 | 2.313253 |
| 1995-09-27 | 2.64 | 2.200000 |
| 1995-06-28 | 2.40 | 2.147651 |
| 1995-03-27 | 2.16 | 2.304000 |
| 1994-12-09 | 0.96 | 1.560976 |
| 1994-11-08 | 1.56 | 1.563910 |
| 1994-10-07 | 1.56 | 1.209302 |
| 1994-09-09 | 1.56 | 1.089005 |
| 1994-08-09 | 1.56 | 1.136612 |
| 1994-07-11 | 1.56 | 1.055838 |
| 1994-06-09 | 1.56 | 0.967442 |
| 1994-05-10 | 1.56 | 0.962963 |
| 1994-04-11 | 1.56 | 0.990476 |
| 1994-03-09 | 1.56 | 1.000000 |
| 1994-02-09 | 1.56 | 0.896552 |
| 1993-12-27 | 1.56 | 0.904348 |
| 1993-12-09 | 1.56 | 0.863071 |
| 1993-11-08 | 1.56 | 0.877637 |
| 1993-10-08 | 1.56 | 0.835341 |
| 1993-09-08 | 1.56 | 0.896552 |
| 1993-08-10 | 1.50 | 0.847458 |
| 1993-07-09 | 1.50 | 0.862069 |
| 1993-06-09 | 1.50 | 0.921659 |
| 1993-05-10 | 1.50 | 0.904977 |
| 1993-04-08 | 1.50 | 0.921659 |
| 1993-03-09 | 1.50 | 0.869565 |
| 1993-02-09 | 1.50 | 0.888889 |
| 1992-12-24 | 1.50 | 1.242236 |
| 1992-12-03 | 1.50 | 1.197605 |
| 1992-11-04 | 1.50 | 1.156069 |
| 1992-10-01 | 1.50 | 1.129944 |
| 1992-09-02 | 1.20 | 1.059603 |
| 1992-08-05 | 1.20 | 1.012658 |
| 1992-07-01 | 1.20 | 1.134752 |
| 1992-06-04 | 1.20 | 1.203008 |
| 1992-04-30 | 0.90 | 1.176471 |
| 1992-04-02 | 0.90 | 1.237113 |
| 1992-02-27 | 0.90 | 1.304348 |
| 1991-12-24 | 0.84 | 1.154639 |
| 1991-12-05 | 0.84 | 1.258427 |
| 1991-10-31 | 0.84 | 1.244444 |
| 1991-10-02 | 0.84 | 1.333333 |
| 1991-09-05 | 0.72 | 1.230769 |
| 1991-08-01 | 0.66 | 1.257143 |
| 1991-07-03 | 0.66 | 1.333333 |
| 1991-06-03 | 0.66 | 1.275362 |
| 1991-05-01 | 0.66 | 1.396825 |
| 1991-04-01 | 1.56 | 3.714286 |
| 1990-12-24 | 1.44 | 4.571429 |
| 1990-09-24 | 1.20 | 4.571429 |
| 1990-06-25 | 0.90 | 3.428571 |
| 1990-03-26 | 0.90 | 4.444444 |
| 1989-12-27 | 0.90 | 5.714286 |
| 1989-09-27 | 0.18 | 1.142857 |
| 1989-06-30 | 0.06 | 0.333333 |
| 1989-05-24 | 0.36 | 1.200000 |
| 1989-04-24 | 0.36 | 1.230769 |
| 1989-03-27 | 0.36 | 1.371429 |
| 1989-02-22 | 0.48 | 1.523810 |
| 1989-01-25 | 0.48 | 1.163636 |
| 1988-12-27 | 0.66 | 1.375000 |
| 1988-11-23 | 0.66 | 1.222222 |
| 1988-10-25 | 0.72 | 1.280000 |
| 1988-09-12 | 2.40 | 4.155844 |
| 1988-06-24 | 3.60 | 5.714286 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.037781358 |
| Address1 | 140 East Shore Drive |
| Address2 | Suite 100 |
| All Time High | 195.0 |
| All Time Low | 1.08 |
| Ask | 12.89 |
| Ask Size | 8,100 |
| Audit Risk | 4 |
| Average Daily Volume10 Day | 4,673,710 |
| Average Daily Volume3 Month | 5,194,990 |
| Average Volume | 5,194,990 |
| Average Volume10Days | 4,673,710 |
| Beta | 0.935 |
| Bid | 12.88 |
| Bid Size | 18,200 |
| Board Risk | 3 |
| Book Value | 12.919 |
| City | Glen Allen |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 1 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 12.91 |
| Current Ratio | 0.059 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 12.98 |
| Day Low | 12.87 |
| Debt To Equity | 713.492 |
| Display Name | Dynex Capital |
| Dividend Date | 1,788,220,800 |
| Dividend Rate | 2.04 |
| Dividend Yield | 15.81 |
| Earnings Call Timestamp End | 1,784,556,000 |
| Earnings Call Timestamp Start | 1,784,556,000 |
| Earnings Timestamp | 1,784,550,600 |
| Earnings Timestamp End | 1,792,413,000 |
| Earnings Timestamp Start | 1,792,413,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 50.45 |
| Enterprise Value | 25,340,014,592 |
| Eps Current Year | 1.40757 |
| Eps Forward | 1.56804 |
| Eps Trailing Twelve Months | 3.13 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,787,270,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 13.0016 |
| Fifty Day Average Change | -0.09160042 |
| Fifty Day Average Change Percent | -0.007045319 |
| Fifty Two Week Change Percent | 3.7781358 |
| Fifty Two Week High | 14.93 |
| Fifty Two Week High Change | -2.0200005 |
| Fifty Two Week High Change Percent | -0.13529809 |
| Fifty Two Week Low | 11.83 |
| Fifty Two Week Low Change | 1.0799999 |
| Fifty Two Week Low Change Percent | 0.09129331 |
| Fifty Two Week Range | 11.83 - 14.93 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 571,501,800,000 |
| Five Year Avg Dividend Yield | 12.59 |
| Float Shares | 246,355,707 |
| Forward Eps | 1.56804 |
| Forward P E | 8.233208 |
| Full Exchange Name | NYSE |
| Full Time Employees | 28 |
| Fullday Change | 0.0100002 |
| Fullday Change Percent | 0.0775212 |
| Fullday Price | 12.95 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 1.0 |
| Gross Profits | 502,281,984 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00468 |
| Held Percent Institutions | 0.34686002 |
| Implied Shares Outstanding | 247,429,551 |
| Industry | REIT - Mortgage |
| Industry Disp | REIT - Mortgage |
| Industry Key | reit-mortgage |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,787,270,400 |
| Last Dividend Value | 0.17 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,561,075,200 |
| Last Split Factor | 1:3 |
| Long Business Summary | Dynex Capital, Inc., a mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS do not have a guaranty of principal or interest payments. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia. |
| Long Name | Dynex Capital, Inc. |
| Market | us_market |
| Market Cap | 3,194,315,520 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_299081 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 425,281,984 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 3,201,353,229 |
| Number Of Analyst Opinions | 5 |
| Open | 12.95 |
| Operating Cashflow | 236,576,000 |
| Operating Margins | 0.9177 |
| Overall Risk | 2 |
| Payout Ratio | 0.6518 |
| Peg Ratio | 0.71 |
| Phone | 804 217 5800 |
| Post Market Change | 0.03999996 |
| Post Market Change Percent | 0.30983704 |
| Post Market Price | 12.95 |
| Post Market Time | 1,787,961,418 |
| Previous Close | 12.9 |
| Price Eps Current Year | 9.171835 |
| Price Hint | 2 |
| Price To Book | 0.99930334 |
| Price To Sales Trailing12 Months | 6.359606 |
| Profit Margins | 0.86838996 |
| Quick Ratio | 0.034 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.0100002 |
| Regular Market Change Percent | 0.0775212 |
| Regular Market Day High | 12.98 |
| Regular Market Day Low | 12.87 |
| Regular Market Day Range | 12.87 - 12.98 |
| Regular Market Open | 12.95 |
| Regular Market Previous Close | 12.9 |
| Regular Market Price | 12.91 |
| Regular Market Time | 1,787,947,202 |
| Regular Market Volume | 3,077,680 |
| Return On Assets | 0.023120001 |
| Return On Equity | 0.18231001 |
| Revenue Per Share | 2.809 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 3 |
| Shares Outstanding | 247,429,551 |
| Shares Percent Shares Out | 0.0572 |
| Shares Short | 14,183,492 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 11,130,109 |
| Short Name | Dynex Capital, Inc. |
| Short Percent Of Float | 0.0574 |
| Short Ratio | 2.35 |
| Source Interval | 15 |
| State | VA |
| Symbol | DX |
| Target High Price | 15.0 |
| Target Low Price | 14.5 |
| Target Mean Price | 14.75 |
| Target Median Price | 14.75 |
| Total Cash | 616,003,008 |
| Total Cash Per Share | 2.49 |
| Total Debt | 22,653,859,840 |
| Total Revenue | 502,281,984 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 2.04 |
| Trailing Annual Dividend Yield | 0.15813954 |
| Trailing Eps | 3.13 |
| Trailing P E | 4.1246004 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 13.4059 |
| Two Hundred Day Average Change | -0.49590015 |
| Two Hundred Day Average Change Percent | -0.036991186 |
| Type Disp | Equity |
| Volume | 3,077,680 |
| Website | https://www.dynexcapital.com |
| Zip | 23,059-5755 |