[Press Release Information](index=1&type=section&id=Press%20Release%20Information) This section details the official contact information and announcement regarding the company's third quarter 2025 financial results and upcoming conference call [Contact Information and Date](index=1&type=section&id=Contact%20Information%20and%20Date) This section provides the contact details for media inquiries and the official release date of the financial results - The **press release** was issued on **October 20, 2025**, with **Alison Griffin** as the contact person[2](index=2&type=chunk) [Company Announcement](index=1&type=section&id=Company%20Announcement) **Dynex Capital, Inc.** announced its **third quarter 2025** financial results and details for an upcoming conference call to discuss these results and the business outlook - **Dynex Capital, Inc.** (**NYSE: DX**) reported its **third quarter 2025** financial results[3](index=3&type=chunk) - Management will host a call to discuss the results and business outlook[3](index=3&type=chunk) [Third Quarter Financial Performance and Other Highlights](index=1&type=section&id=Third%20Quarter%20Financial%20Performance%20and%20Other%20Highlights) This section outlines management's strategic execution, conference call details, and key financial achievements for the **third quarter of 2025** [Management Remarks](index=1&type=section&id=Management%20Remarks) Management emphasized the successful execution of their strategy, opportunistic positioning, and expert risk management, highlighting investments in highly liquid securities and a disciplined investment process - The company continued to execute its strategy of raising and deploying capital, reflecting opportunistic positioning and expert risk management[4](index=4&type=chunk) - Investments are focused on highly liquid, transparent, and readily valued securities, maintaining effective risk management and a disciplined investment process[4](index=4&type=chunk) [Earnings Conference Call Details](index=1&type=section&id=Earnings%20Conference%20Call%20Details) This section provides instructions for accessing the company's conference call, including dial-in numbers for **North America** and **International** participants, a conference **ID**, and details for the **live audio webcast** and archived recording - The conference call is scheduled for **10:00 a.m. Eastern Time** and can be accessed via telephone (**1-888-330-2022** for **North America**, **1-646-960-0690** for **International**, **ID 1957092**) or **live audio webcast** on the Company's website[5](index=5&type=chunk)[6](index=6&type=chunk) - An **archive of the webcast** will be available approximately **2 hours** after the live call[6](index=6&type=chunk) [Key Financial Highlights](index=1&type=section&id=Key%20Financial%20Highlights) The company reported strong **third-quarter** financial performance, including a significant **economic return**, an increase in **book value**, positive **comprehensive** and **net income per common share**, and substantial capital raising and investment activities Third Quarter 2025 Key Financial Highlights | Metric | Value | | :-------------------------------- | :-------------------------------- | | **Total economic return per common share** | **$1.23** | | **Total economic return** (% of **beginning book value**) | **10.3%** | | Increase in **book value per common share** | **$0.72** | | **Dividends declared per common share** | **$0.51** | | **Book value per common share** (**Sept 30, 2025**) | **$12.67** | | **Comprehensive income per common share** | **$1.20** | | **Net income per common share** | **$1.09** | | **Equity capital raised** (net of issuance costs) | **$254 million** | | **Agency RMBS** purchased | **$2.4 billion** | | **Agency CMBS** purchased | **$464 million** | | **Liquidity** (**Sept 30, 2025**) | **Over $1 billion** | | **Leverage** (including **TBA securities** at cost) | **7.5 times shareholders' equity** | [Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) This section presents the company's unaudited **consolidated balance sheets** and **comprehensive statements of income (loss)** for the **third quarter of 2025** [Consolidated Balance Sheets (unaudited)](index=2&type=section&id=Consolidated%20Balance%20Sheets%20(unaudited)) The **consolidated balance sheets** show a significant increase in **total assets** and **shareholders' equity** from **June 30, 2025**, to **September 30, 2025**, driven by growth in **mortgage-backed securities** and additional paid-in capital Consolidated Balance Sheets (unaudited) - Key Figures | Metric | September 30, 2025 ($ in thousands) | June 30, 2025 ($ in thousands) | Change (QoQ) | | :-------------------------------- | :-------------------------------- | :------------------------------- | :-------------------------------- | | **Total assets** | **$14,158,694** | **$11,311,265** | **+$2,847,429** | | **Mortgage-backed securities** | **$13,230,145** | **$10,510,006** | **+$2,720,139** | | **Total liabilities** | **$12,201,146** | **$9,701,272** | **+$2,499,874** | | **Repurchase agreements** | **$11,753,522** | **$8,600,143** | **+$3,153,379** | | **Total shareholders' equity** | **$1,957,548** | **$1,609,993** | **+$347,555** | | **Book value per common share** | **$12.67** | **$11.95** | **+$0.72** | | **Common shares outstanding** | **145,714,136** | **125,358,375** | **+20,355,761** | [Consolidated Comprehensive Statements of Income (Loss) (unaudited)](index=3&type=section&id=Consolidated%20Comprehensive%20Statements%20of%20Income%20(Loss)%20(unaudited)) The company reported a significant turnaround in **Q3 2025**, moving from a **net loss** in **Q2 2025** to substantial **net income** and **comprehensive income**, driven by increased **net interest income** and a large **unrealized gain on investments** Consolidated Comprehensive Statements of Income (Loss) - Key Figures | Metric | Three Months Ended Sep 30, 2025 ($ in thousands) | Three Months Ended Jun 30, 2025 ($ in thousands) | Change (QoQ) | | :-------------------------------- | :-------------------------------- | :------------------------------- | :-------------------------------- | | **Interest income** | **$149,679** | **$111,746** | **+$37,933** | | **Net interest income** | **$30,611** | **$23,128** | **+$7,483** | | **Unrealized gain on investments, net** | **$142,469** | **$33,652** | **+$108,817** | | **Loss on derivatives, net** | **$(10,694)** | **$(58,093)** | **+$47,399** | | **Net income (loss)** | **$150,388** | **$(13,606)** | **+$163,994** | | **Net income (loss) to common shareholders** | **$147,561** | **$(16,286)** | **+$163,847** | | **Comprehensive income (loss) to common shareholders** | **$162,527** | **$(12,222)** | **+$174,749** | | **Net income (loss) per common share-basic** | **$1.09** | **$(0.14)** | **+$1.23** | | **Dividends declared per common share** | **$0.51** | **$0.51** | **$0.00** | [Summary of Third Quarter 2025 Results](index=4&type=section&id=Summary%20of%20Third%20Quarter%202025%20Results) This section details the changes in the company's financial position, including **book value**, **net interest income**, and **common equity rollforward** for **Q3 2025** [Financial Position Changes](index=4&type=section&id=Financial%20Position%20Changes) The company's **book value** increased due to asset appreciation from declining **Treasury rates** and tightening **mortgage spreads**. **Net interest income** and **spread** improved from higher-yielding investments, with further financing rate improvements expected from the **Federal Funds rate** cut - **Book value** increased by **$0.72 per common share**, primarily due to asset appreciation from a decline in the **10-year U.S. Treasury rate** and tightening **mortgage spreads**[9](index=9&type=chunk) - **Net interest income** and **net interest spread** improved due to higher yielding investments, with financing costs remaining steady[9](index=9&type=chunk) - Management anticipates continued improvement in the financing rate in **Q4 2025** following a **25 basis point** reduction in the **Federal Funds rate** in **September 2025**[9](index=9&type=chunk) Common Equity Rollforward (Q3 2025) | Component | Amount ($ in thousands) | | :-------------------------------- | :---------------------- | | **Balance as of June 30, 2025** | **$1,498,493** | | **Comprehensive income to common shareholders** | **$162,527** | | **Net proceeds from stock issuance** | **$256,347** | | **Common dividends declared** | **$(71,319)** | | **Balance as of September 30, 2025** | **$1,846,048** | [Investment Portfolio and Financing](index=5&type=section&id=Investment%20Portfolio%20and%20Financing) This section provides an overview of the company's **MBS investments**, **repurchase agreement borrowings**, and the performance of these financial instruments [MBS Investments](index=5&type=section&id=MBS%20Investments) The company's **MBS investment portfolio**, including **Agency RMBS**, **TBA securities**, **Agency CMBS**, and **CMBS IO**, saw an increase in **total fair value** and a significant reduction in overall **unrealized losses** from **Q2** to **Q3 2025** MBS Investments Overview | Investment Type | Sep 30, 2025 Fair Value ($ in thousands) | Jun 30, 2025 Fair Value ($ in thousands) | Sep 30, 2025 Unrealized Gain (Loss) ($ in thousands) | Jun 30, 2025 Unrealized Gain (Loss) ($ in thousands) | | :-------------------- | :--------------------------------------- | :--------------------------------------- | :------------------------------------------------ | :------------------------------------------------ | | **Total Agency RMBS** | **$14,726,494** | **$13,619,653** | **$(77,401)** | **$(203,472)** | | **Agency CMBS** | **$933,839** | **$472,426** | **$4,566** | **$1,544** | | **CMBS IO** | **$93,112** | **$100,746** | **$(1,115)** | **$(924)** | | **Total** | **$15,753,445** | **$14,192,825** | **$(73,950)** | **$(202,852)** | - **Total Agency RMBS unrealized loss** decreased significantly from **$(203,472) thousand** in **Q2 2025** to **$(77,401) thousand** in **Q3 2025**[12](index=12&type=chunk) - **Agency CMBS fair value** increased from **$472,426 thousand** to **$933,839 thousand**, with an increase in **unrealized gain**[12](index=12&type=chunk) [Repurchase Agreement Borrowings](index=5&type=section&id=Repurchase%20Agreement%20Borrowings) **Repurchase agreement borrowings** increased substantially from **Q2** to **Q3 2025**, with a slight decrease in the **weighted average interest rate** and an extension of the **weighted original term to maturity** Repurchase Agreement Borrowings Outstanding | Metric | September 30, 2025 ($ in thousands) | June 30, 2025 ($ in thousands) | | :-------------------------------- | :-------------------------------- | :------------------------------- | | **Total Balance** | **$11,753,522** | **$8,600,143** | | **Weighted Average Rate** | **4.44%** | **4.47%** | | **Weighted Original Term to Maturity (days)** | **100** | **88** | - **Total repurchase agreement borrowings** increased by **over $3.1 billion** quarter-over-quarter[14](index=14&type=chunk) - The **weighted average rate** for **repurchase agreements** slightly decreased from **4.47%** to **4.44%**[14](index=14&type=chunk) [Performance of MBS, Repurchase Agreements, and Swaps](index=6&type=section&id=Performance%20of%20MBS,%20Repurchase%20Agreements,%20and%20Swaps) The company experienced improved performance in **Q3 2025**, with increased **total interest income**, **net interest income**, and **economic net interest spread**, despite higher **interest expense** from **repurchase agreements** Performance Metrics (QoQ) | Metric | Three Months Ended Sep 30, 2025 | Three Months Ended Jun 30, 2025 | Change (QoQ) | | :-------------------------------- | :-------------------------------- | :-------------------------------- | :-------------------------------- | | **Total interest income** | **$149,679** | **$111,746** | **+$37,933** | | **Repurchase agreement financing (interest expense)** | **$(119,068)** | **$(88,618)** | **$(30,450)** | | **Net interest income** | **$30,611** | **$23,128** | **+$7,483** | | **Net interest spread** | **0.46%** | **0.33%** | **+0.13%** | | **Net periodic interest from interest rate swaps** | **$14,265** | **$12,349** | **+$1,916** | | **Economic net interest income** | **$44,876** | **$35,477** | **+$9,399** | | **Economic net interest spread** | **1.00%** | **0.96%** | **+0.04%** | - **Net interest income** increased by **$7.483 million**, and **net interest spread** improved by **0.13%** quarter-over-quarter[15](index=15&type=chunk) - **Economic net interest income** increased by **$9.399 million**, and **economic net interest spread** improved by **0.04%** quarter-over-quarter[15](index=15&type=chunk) [Hedging Portfolio](index=6&type=section&id=Hedging%20Portfolio) This section details the company's **interest rate hedging portfolio**, including derivatives, and projected **tax hedge gains** [Interest Rate Hedging Portfolio Details](index=7&type=section&id=Interest%20Rate%20Hedging%20Portfolio%20Details) The company adjusted its **hedging portfolio** in **Q3 2025**, reducing short positions in **U.S. Treasury futures** while increasing short positions in **interest rate swaps** and introducing new **options on U.S. Treasury futures** Interest Rate Hedging Portfolio (Notional Amounts) | Derivative Type | Sep 30, 2025 Notional Amount Long (Short) ($ in thousands) | Jun 30, 2025 Notional Amount Long (Short) ($ in thousands) | | :-------------------------- | :------------------------------------------------------- | :------------------------------------------------------- | | **Total U.S. Treasury futures** | **$(2,173,500)** | **$(2,475,000)** | | **Total interest rate swaps** | **$(7,860,000)** | **$(7,160,000)** | | **1-2 year interest rate swaption** | **$750,000** | **$500,000** | | **3-month options on U.S. Treasury futures** | **$1,000,000** | **$0** | - The company reduced its short position in **U.S. Treasury futures** by **$301.5 million** but increased its short position in **interest rate swaps** by **$700 million** quarter-over-quarter[20](index=20&type=chunk) - New positions in **3-month options on U.S. Treasury futures** with a **notional amount** of **$1 billion** were added in **Q3 2025**[20](index=20&type=chunk) [Gain (Loss) on Derivatives, Net](index=7&type=section&id=Gain%20(Loss)%20on%20Derivatives,%20Net) The company significantly reduced its **net loss on derivatives** in **Q3 2025** compared to **Q2 2025**, primarily due to a substantial decrease in **unrealized losses**, despite a shift from **realized gains** to **losses** Gain (Loss) on Derivatives, Net (QoQ) | Component | Three Months Ended Sep 30, 2025 ($ in thousands) | Three Months Ended Jun 30, 2025 ($ in thousands) | Change (QoQ) | | :-------------------------------- | :----------------------------------------------- | :----------------------------------------------- | :----------------------------------------------- | | **Unrealized gain (loss)** | **$(19,474)** | **$(107,698)** | **+$88,224** | | **Realized gain (loss)** | **$(5,485)** | **$37,256** | **$(42,741)** | | **Net periodic interest (swaps)** | **$14,265** | **$12,349** | **+$1,916** | | **Loss on derivatives, net** | **$(10,694)** | **$(58,093)** | **+$47,399** | - **Unrealized losses on derivatives** decreased significantly from **$(107,698) thousand** in **Q2 2025** to **$(19,474) thousand** in **Q3 2025**[20](index=20&type=chunk) [Projected Period of Recognition for Tax Hedge Gains, Net](index=9&type=section&id=Projected%20Period%20of%20Recognition%20for%20Tax%20Hedge%20Gains,%20Net) The company projects a total of **$687.5 million** in **net deferred tax hedge gains** to be recognized as **taxable income** over future **fiscal years**, with the largest portion expected in **2028 and thereafter** Projected Tax Hedge Gains, Net | Fiscal Year | Amount ($ in thousands) | | :------------------------ | :---------------------- | | **2025** | **$99,310** | | **2026** | **$97,916** | | **2027** | **$93,327** | | **2028 and thereafter** | **$396,988** | | **Total** | **$687,541** | - **Total projected net deferred tax hedge gains** as of **September 30, 2025**, amount to **$687,541 thousand**[22](index=22&type=chunk) [Non-GAAP Financial Measures](index=9&type=section&id=Non-GAAP%20Financial%20Measures) This section explains management's use of **non-GAAP financial measures** and provides reconciliations to **GAAP** figures for **comprehensive income** and **net interest income** [Management's Perspective on Non-GAAP Measures](index=9&type=section&id=Management's%20Perspective%20on%20Non-GAAP%20Measures) Management utilizes **non-GAAP financial measures**, such as **Earnings Available for Distribution (EAD)** and **economic net interest income**, to assess the investment portfolio's return and total financing costs, including **TBA drop income** and **net periodic interest from interest rate swaps** - Management uses **non-GAAP measures** like **EAD** and **economic net interest income** to evaluate the investment portfolio's return and total financing costs[23](index=23&type=chunk) - **TBA dollar roll positions' drop income/loss** is included in **EAD** as it's considered the economic equivalent of **net interest income** on the underlying **Agency security**[24](index=24&type=chunk) - **Net periodic interest from interest rate swaps** is included in **non-GAAP measures** to reflect the total financing cost, as swaps hedge borrowing costs[25](index=25&type=chunk) [Reconciliations of Non-GAAP Measures](index=10&type=section&id=Reconciliations%20of%20Non-GAAP%20Measures) The company provides detailed reconciliations showing the adjustments from **GAAP comprehensive income** to **EAD**, and from **GAAP net interest income** to **economic net interest income** and **EAD**, highlighting the impact of **fair value changes** and **derivative instruments** Reconciliation of Comprehensive Income (Loss) to EAD | Metric | Three Months Ended Sep 30, 2025 ($ in thousands) | Three Months Ended Jun 30, 2025 ($ in thousands) | | :------------------------------------------ | :----------------------------------------------- | :----------------------------------------------- | | **Comprehensive income (loss) to common shareholders (GAAP)** | **$162,527** | **$(12,222)** | | Less: **Change in fair value of investments, net** | **$(157,435)** | **$(37,716)** | | Less: **Change in fair value of derivative instruments, net** | **$28,507** | **$75,200** | | **EAD to common shareholders (non-GAAP)** | **$33,599** | **$25,262** | | **EAD per common share (non-GAAP)** | **$0.25** | **$0.22** | Reconciliation of Net Interest Income to Economic Net Interest Income and EAD | Metric | Three Months Ended Sep 30, 2025 ($ in thousands) | Three Months Ended Jun 30, 2025 ($ in thousands) | | :------------------------------------------ | :----------------------------------------------- | :----------------------------------------------- | | **Net interest income (GAAP)** | **$30,611** | **$23,128** | | **Net periodic interest from interest rate swaps** | **$14,265** | **$12,349** | | **Economic net interest income** | **$44,876** | **$35,477** | | **TBA drop income** | **$3,548** | **$4,758** | | **Operating expenses** | **$(11,998)** | **$(12,293)** | | **Preferred stock dividends** | **$(2,827)** | **$(2,680)** | | **EAD to common shareholders (non-GAAP)** | **$33,599** | **$25,262** | | **Net interest spread (GAAP)** | **0.46%** | **0.33%** | | **Net periodic interest as a percentage of average repurchase borrowings** | **0.54%** | **0.63%** | | **Economic net interest spread (non-GAAP)** | **1.00%** | **0.96%** | [Forward Looking Statements](index=10&type=section&id=Forward%20Looking%20Statements) This section provides a cautionary disclaimer regarding **forward-looking statements**, highlighting inherent risks and the company's policy on updates [Forward Looking Statements Disclaimer](index=10&type=section&id=Forward%20Looking%20Statements%20Disclaimer) This section serves as a cautionary statement, indicating that the release contains **forward-looking statements** subject to various risks and uncertainties that could cause actual results to differ materially from projections. It also states that the company does not undertake to update these statements - The release contains **forward-looking statements**, identified by words like '**believe**,' '**expect**,' and '**anticipate**,' which are subject to **inherent risks and uncertainties**[30](index=30&type=chunk) - Actual results could differ materially due to factors including **economic conditions**, **geopolitical events**, **changes in interest rates**, **Federal Reserve policies**, **financing availability**, and **regulatory changes**[31](index=31&type=chunk) - The company undertakes no obligation to **update or revise** any **forward-looking statements**, except as required by law[32](index=32&type=chunk) [Company Description](index=11&type=section&id=Company%20Description) This section describes **Dynex Capital, Inc.** as an **internally managed REIT** focused on generating **shareholder returns** through **real estate asset financing** [Dynex Capital Overview](index=11&type=section&id=Dynex%20Capital%20Overview) **Dynex Capital, Inc.** is an **internally managed real estate investment trust (REIT)** that generates **dividend income** and long-term **total returns** by **financing real estate assets**, focusing on **ethical stewardship**, **expert risk management**, and **disciplined capital allocation** - **Dynex Capital** delivers value by transforming **residential real estate** into long-term yields for **shareholders**, operating as an **internally managed REIT**[33](index=33&type=chunk) - The company is committed to **ethical stewardship**, **expert risk management**, **disciplined capital allocation**, and **social responsibility**[33](index=33&type=chunk) - It supports **housing communities in the United States** through the **financing of real estate assets**[33](index=33&type=chunk)

Group 1 - Dynex Capital is a real estate investment trust (REIT) that specializes in residential mortgage-backed securities (MBS) [1] - The company currently pays a monthly distribution of 17 cents per share, which highlights its attractive yield for investors seeking high income [1] - Dynex Capital has shown rising price performance, earning an upgrade to its IBD Relative Strength Rating [3] Group 2 - Dynex Capital has improved its Relative Strength (RS) Rating to 88, indicating strong market leadership [3] - The company meets the benchmark of an 80-plus Relative Strength Rating, showcasing its technical strength in the market [3] - Dynex Capital is recognized for generating improved relative strength, reflecting its positive performance trends [3]

Group 1 - The document does not contain any relevant information regarding company or industry insights [1]

Core Viewpoint - Dynex Capital, Inc. has declared a cash dividend of $0.17 per share for October 2025, reflecting the company's commitment to returning value to shareholders [1] Company Summary - The dividend is scheduled to be paid on November 3, 2025, to shareholders of record as of October 23, 2025 [1] - Dynex Capital specializes in transforming residential real estate into long-term yields, leveraging its expertise in capital markets and housing finance [1]

Core Insights - The mortgage REITs have identified an opportunity in agency-backed mortgages due to historically high spreads, leading to significant capital deployment in this sector [1][2][4] - Dynex Capital (DX) exemplifies the trend among agency mREITs, having raised over $3 billion to expand its investment portfolio in agency MBS [2][15] - The tightening of mortgage spreads has resulted in substantial mark-to-market gains for mREITs, with 30-year mortgage yields dropping from approximately 7% to 6.5% [7][11][31] Group 1: Market Dynamics - Agency-backed mortgages are considered nearly as safe as U.S. Treasuries, with the added risk of prepayment and duration risk [5] - The recent increase in mortgage rates over the past five years has led to many mortgages trading at a discount to par, making prepayment potentially profitable for mREITs [6] - The tightening of spreads has been beneficial, with a notable drop in 30-year mortgage yields contributing to gains in mREIT portfolios [7][11] Group 2: Investment Strategies - Many mREITs have followed a similar strategy to Dynex by issuing equity to capitalize on high mortgage spreads, which has diluted common shareholders but benefited preferred shareholders [17][31] - AGNC Investment has also expanded its agency RMBS portfolio through equity issuance, leading to increased asset value amid spread tightening [15][31] - Preferred shares of mREITs are viewed as more attractive investments compared to common shares, with many trading at discounts to par and offering high dividend yields [33] Group 3: Future Outlook - The anticipated 3Q earnings reports are expected to reflect significant gains in book value for mREITs due to the recent tightening of spreads [31][32] - The market may not yet fully recognize the gains experienced by these companies, which could lead to a shift in sentiment and a reduction in the risk premium for both common and preferred shares [32] - There is potential for investment in common shares, but preferred shares are generally considered the better option due to their higher yields and discounted prices [33]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] - Subscribers have access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the services related to oil and gas investments [2]

Core Points - Dynex Capital, Inc. announced a corrected cash dividend amount for the third quarter 2025 for its Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock [1] - The corrected cash dividend is $0.64147, payable on October 15, 2025, to holders of record as of October 1, 2025 [1]

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: High-Yielding Stocks in Financial Sector - Dynex Capital, Inc. (DX) has a dividend yield of 16.28%. UBS analyst Doug Harter maintained a Neutral rating and raised the price target from $12.5 to $13 on September 3, 2025, with an accuracy rate of 62%. Keefe, Bruyette & Woods analyst Bose George maintained an Outperform rating and increased the price target from $12.5 to $13 on July 10, 2025, with an accuracy rate of 71%. Recent quarterly results were mixed [7] - MFA Financial, Inc. (MFA) has a dividend yield of 14.24%. UBS analyst Douglas Harter maintained a Neutral rating and raised the price target from $10 to $10.5 on September 3, 2025, with an accuracy rate of 71%. JMP Securities analyst Mikhail Goberman maintained a Market Outperform rating but lowered the price target from $12 to $11 on July 17, 2025, with an accuracy rate of 77%. A dividend of 36 cents per share was announced on September 11, 2025 [7] - AGNC Investment Corp. (AGNC) has a dividend yield of 14.13%. UBS analyst Brock Vandervliet maintained a Neutral rating and increased the price target from $9.5 to $9.75 on September 3, 2025, with an accuracy rate of 67%. Keefe, Bruyette & Woods analyst Bose George maintained an Outperform rating and raised the price target from $9.5 to $10 on July 10, 2025, with an accuracy rate of 71%. A monthly common stock dividend of 12 cents per share was declared for September [7]

Core Points - Dynex Capital, Inc. has declared a cash dividend of $0.17 per share on its Common Stock for September 2025 [1] - The Common dividend is payable on October 1, 2025, to shareholders of record as of September 22, 2025 [1] - The Board also declared a quarterly cash dividend of $0.62752 per share of its Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the third quarter [1]

Group 1 - The article focuses on Dynex Capital (NYSE: DX) from the perspective of preferred shareholders, providing insights into its performance and positioning within the mortgage REIT sector [1] - It highlights the preferred shares of Dynex Capital (NYSE: DX.PR.C) and places them in the context of the broader mREIT market, indicating the importance of understanding their relative performance [1] Group 2 - The article suggests exploring additional resources such as Systematic Income and their Income Portfolios, which are designed with yield and risk management in mind [1] - It also mentions the availability of Interactive Investor Tools for navigating various investment markets, including BDC, CEF, OEF, preferred, and baby bond markets [1]