Dynex Capital increases dividend
- December 9, 2011
Glen Allen-based Dynex Capital Inc. increased the dividend on its common stock 1 cent to 28 cents per share for the fourth quarter of 2011.
The company had paid 27 cents per common share quarterly since the fourth quarter of 2010.
The common stock dividend will be payable on Jan. 31 to shareholders of record as of Dec. 30.
Thomas Akin, the chairman and CEO of Dynex Capital, said the company was able to increase its dividend because its fundamentals are strong “and our portfolio continues to perform well. Most aspects of our business are showing solid results and our net interest spread has improved modestly during the quarter.”
The company also announced today that it has filed a pre-effective amendment to its universal shelf registration statement with the Securities and Exchange Commission. The shelf registration statement that originally was filed on April 15, covers common stock, preferred stock, debt securities, warrants and shareholder rights.
The amendment was filed to update the registration statement for information related to the company’s ratio of earnings to fixed charges and other information. The amended registration statement will allow Dynex to raise capital depending on future market conditions or investment opportunities.
Dynex Capital is areal estate investment trust, which invests in mortgage assets.