Dynex Capital stock falls 3.06 percent as offering prices

Published on 09/24/2026 at 13:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dynex Capital stock stood at USD 11.73 on September 23, 2026, as the company priced a USD 120 million Series D issue. Q2 revenue reached USD 302.75 million versus USD 103.62 million consensus.

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Dynex Capital stock (ISIN US26817Q8868) stood at USD 11.73 on the NYSE on September 23, 2026, down 3.06 percent from the prior close of USD 12.10. The move came as the mortgage REIT priced a USD 120 million preferred stock offering on September 22, 2026.

Preferred issue raises capital

According to Dynex Capital, the company priced 4,800,000 shares of Series D Fixed-Rate Cumulative Redeemable Preferred Stock at a 9.375 percent annual dividend rate and a USD 25.00 liquidation preference per share.

The offering is expected to close on September 29, 2026, subject to customary conditions. Dynex Capital intends to apply to list the preferred shares on the NYSE under the symbol DXPRD and use the proceeds to acquire agency and other investment securities.

Revenue exceeds consensus

For Q2 2026, Dynex Capital reported USD 302.75 million in revenue versus USD 103.62 million of analyst consensus, according to MarketBeat. The revenue comparison gives the capital raise a broader operating context, because the company is expanding its funding base while managing a mortgage securities portfolio.

The company also declared a monthly common stock dividend of USD 0.17 for September 2026, payable on October 1, 2026, to shareholders of record on September 21, according to Business Wire. The regular payout and the new preferred issue give investors two distinct income signals, but the preferred offering also increases the company capital structure.

Stock sits near yearly low

At USD 11.73 on September 23, Dynex Capital stock was USD 0.02 above its 52-week low of USD 11.71 and USD 3.20 below its 52-week high of USD 14.93. The USD 2.90 billion market capitalization and the 3.06 percent daily decline show that the preferred financing announcement did not prevent a weaker common-stock session.

Dynex Capital market snapshot

The reference quote was USD 11.73 on the NYSE on September 23, 2026. The company operates as an internally managed mortgage REIT investing in residential and commercial mortgage-backed securities.