Dynex Capital(US:DX)2025-01-27 15:56Financial Performance - Comprehensive income was $0.15 per common share in Q4 2024[22] - Book value was $12.70 per common share at the end of Q4 2024[22] - Total economic return was 1.0% in Q4 2024[22] - Net income was $0.61 per common share in Q4 2024[22] - The company had $658 million of cash and unencumbered assets as of December 31, 2024[67] Portfolio Composition - The portfolio fair value was $9.8 billion as of December 31, 2024[15, 25] - Agency RMBS comprised 98% of the portfolio, with Agency RMBS Pools & TBA accounting for 98% and Agency CMBS/CMBS IO accounting for 2%[12, 14] - Agency RMBS TBA accounted for 24% of the portfolio, while Agency RMBS Pools accounted for 74%[25] Market Dynamics and Strategy - The company's annualized dividend yield was 14.2% as of December 31, 2024[13] - The company's market capitalization was $1.1 billion as of December 31, 2024[13] - The company strategically grew its balance sheet with a focus on high-quality, liquid, Agency MBS offering compelling risk-adjusted returns[24]