SmarterDividends
DX

Dynex Capital, Inc.

DX

Real Estate · REIT - Mortgage · Stock · monthly payer

$10.89

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Forward Yield

18.73%

Annual Dividend

$2.04

Payout Ratio

71%

5-Yr Growth

3.6%

Ex-Date

Oct 22, 2026

Frequency

Monthly

Key facts about DX's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Dynex Capital, Inc. (DX) has a forward dividend yield of 18.73%, based on an annual dividend of $2.04 per share and a share price of $10.89.
  • As of Oct 27, 2026, DX's dividend safety grade from SmarterDividends is C (56 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Dynex Capital, Inc. (DX) has raised its dividend for 2 consecutive years as of Oct 27, 2026.
  • DX last cut its regular dividend in 2020.
  • DX's most recent ex-dividend date was Oct 22, 2026, for a dividend of $0.17 per share.
  • As of Oct 27, 2026, DX pays out 71% of its trailing 12-month earnings as dividends (its payout ratio).
  • DX's dividend has grown at an average rate of 3.6% a year over the past five years.
  • As of Oct 27, 2026, DX's 18.73% yield is 59% above its five-year average yield of 11.77%.
  • Dynex Capital, Inc. (DX) pays its dividend monthly, 12 times a year.
  • Dynex Capital, Inc. (DX) has raised its regular dividend 30 times and cut it 16 times across the 214 payments on record since 1988. Its most recent change was a 13.3% increase to $0.170 per share, going ex-dividend on Mar 24, 2025. The last cut went ex-dividend on Jun 19, 2020.
Cite this page

SmarterDividends, "DX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/DX

Summary

As of Oct 27, 2026, Dynex Capital, Inc. (DX) yields 18.73% ($2.04 a year per share), has a dividend safety grade of C (56/100) and has 2 consecutive years of dividend increases on record.

Is DX a good dividend stock?

Mixed

Dynex Capital, Inc. (DX) pays a monthly dividend yielding 18.73% ($2.04/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2020
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    18.73%
    Payout Ratio
    71%
    Annual Dividend
    $2.04
    5-Yr Avg Growth
    3.6%
    Ex-Dividend Date
    Oct 22, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.96
    Market Cap
    $2.7B
    P/E Ratio
    38.9
    5-Yr Total Return
    -35%
    52-Week Range
    $10.31 – $14.93
    Dividend Safety
    C · 56/100
    Ever Cut?
    Yes (2020)

    DX dividend raises and cuts

    Dynex Capital, Inc. (DX) has raised its regular dividend 30 times and cut it 16 times across the 214 payments on record since 1988. Its most recent change was a 13.3% increase to $0.170 per share, going ex-dividend on Mar 24, 2025. The last cut went ex-dividend on Jun 19, 2020.

    Ex-dateChangeOld → newMove
    Mar 24, 2025Raise$0.150 → $0.170+13.3%
    Nov 22, 2024Raise$0.130 → $0.150+15.4%
    Jun 19, 2020Cut$0.150 → $0.130−13.3%
    Aug 21, 2019Cut$0.180 → $0.150−16.7%
    Jan 17, 2019Cut$0.540 → $0.180−66.7%
    Apr 3, 2017Cut$0.630 → $0.540−14.3%
    Mar 30, 2016Cut$0.720 → $0.630−12.5%
    Apr 1, 2015Cut$0.750 → $0.720−4.0%
    Apr 2, 2014Cut$0.810 → $0.750−7.4%
    Oct 3, 2013Cut$0.870 → $0.810−6.9%
    Jul 3, 2012Raise$0.840 → $0.870+3.6%
    Dec 28, 2011Raise$0.810 → $0.840+3.7%
    Show all 46 changes since 1988
    Ex-dateChangeOld → newMove
    Dec 29, 2010Raise$0.750 → $0.810+8.0%
    Sep 28, 2010Raise$0.690 → $0.750+8.7%
    Aug 27, 2008Raise$0.450 → $0.690+53.3%
    May 20, 2008Raise$0.300 → $0.450+50.0%
    Sep 28, 1998Cut$3.60 → $3.00−16.7%
    Mar 27, 1998Cut$4.20 → $3.60−14.3%
    Dec 29, 1997Raise$4.14 → $4.20+1.4%
    Sep 26, 1997Raise$4.02 → $4.14+3.0%
    Jun 26, 1997Raise$3.90 → $4.02+3.1%
    Mar 26, 1997Raise$3.72 → $3.90+4.8%
    Dec 27, 1996Raise$3.51 → $3.72+6.0%
    Sep 26, 1996Raise$3.30 → $3.51+6.4%
    Jun 26, 1996Raise$3.06 → $3.30+7.8%
    Mar 27, 1996Raise$2.88 → $3.06+6.3%
    Dec 27, 1995Raise$2.64 → $2.88+9.1%
    Sep 27, 1995Raise$2.40 → $2.64+10.0%
    Jun 28, 1995Raise$2.16 → $2.40+11.1%
    Mar 27, 1995Raise$1.56 → $2.16+38.5%
    Sep 8, 1993Raise$1.50 → $1.56+4.0%
    Oct 1, 1992Raise$1.20 → $1.50+25.0%
    Jun 4, 1992Raise$0.900 → $1.20+33.3%
    Feb 27, 1992Raise$0.840 → $0.900+7.1%
    Oct 2, 1991Raise$0.720 → $0.840+16.7%
    Sep 5, 1991Raise$0.660 → $0.720+9.1%
    May 1, 1991Cut$1.44 → $0.660−54.2%
    Dec 24, 1990Raise$1.20 → $1.44+20.0%
    Sep 24, 1990Raise$0.900 → $1.20+33.3%
    Dec 27, 1989Raise$0.180 → $0.900+400.0%
    Sep 27, 1989Raise$0.0600 → $0.180+200.0%
    Jun 30, 1989Cut$0.360 → $0.0600−83.3%
    Mar 27, 1989Cut$0.480 → $0.360−25.0%
    Jan 25, 1989Cut$0.660 → $0.480−27.3%
    Nov 23, 1988Cut$0.720 → $0.660−8.3%
    Oct 25, 1988Cut$2.40 → $0.720−70.0%
    Every DX payment →Download every raise and cut (CSV)
    DX ex-dividend date & scheduleNext ex-date Oct 22, 2026 · full ex-dividend historyView →DX dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is DX a good dividend stock?

    Mixed. Dynex Capital, Inc. (DX) pays a monthly dividend yielding 18.73% ($2.04/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is DX's dividend safe?

    DX has a dividend-safety grade of C (56/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

    Is DX a buy, hold, or sell?

    We don't issue formal ratings, but on the data DX screens as "mixed". Dynex Capital, Inc. (DX) pays a monthly dividend yielding 18.73% ($2.04/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will DX cut its dividend?

    DX earns a dividend-safety grade of C (56/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does DX pay a dividend?

    Yes. Dynex Capital, Inc. pays a monthly dividend of about $2.04 per share annually, a forward yield of roughly 18.73%.

    What is DX's dividend yield?

    As of Oct 27, 2026, DX's forward dividend yield is 18.73%, based on a $2.04 annual dividend and a $10.89 share price.

    What is DX's dividend per share?

    As of Oct 27, 2026, DX pays $2.04 per share per year, distributed on a monthly basis.

    What is DX's dividend payout ratio?

    As of Oct 27, 2026, DX's payout ratio is 71% of trailing 12-month earnings — a moderate level that's generally sustainable.

    How many years has DX grown its dividend?

    As of Oct 27, 2026, DX has increased its dividend for 2 consecutive years.

    When is the next DX ex-dividend date?

    As of Oct 27, 2026, DX's next ex-dividend date hasn't been announced. The most recent was Oct 22, 2026, for $0.17 per share.

    Income Calculator

    At $2.04 / yr per share

    Per payment (monthly)$17.00
    Annual$204.00
    Monthly avg$17.00

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