Trailing Dividend / Share
$1.97
Dynex Capital, Inc. (DX) Dividend History
Income profile from 1988 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
16.8%
Payout Ratio
77.3%
Watch
Dividend Streak
2 years
DX Dividend Income Check
Safety
77.3% payout ratio with watch safety profile.
Consistency
2 straight years of dividend increases.
Income Trend
Yield on cost is 11.3% and trend is rising.
DX Dividend Scorecard
Yield & Income
Dividend Yield16.8%
Trailing DPS$1.97
FrequencyMonthly
Payments / 12M12
Payout Safety
Earnings Payout77.3%
Earnings SafetyWatch
FCF Payout126.3%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak2 years
3Y CAGR8.3%
5Y CAGR3.6%
Yield on Cost (5Y)11.3%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield16.8%
1Y Total Return13.8%
5Y Total Return16.5%
Div Contribution (5Y)49.4%
Estimated $10K growth (return + dividends):
5Y ago$11,64710Y ago$13,79520Y ago$27,133
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
DX Income Growth Story
Dividend per share and yield on cost over time (30 years of payments)
DX Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Dynex Capital, Inc. distributes 77.3% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 126.3%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
DX has raised its dividend for 2 consecutive years, with a 3-year CAGR of 8.3% and 5-year CAGR of 3.6%.
Total Shareholder Returns
Beyond cash dividends, DX returns capital through share repurchases. The combined picture: 16.8% dividend yield, 16.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 11.3% and is currently rising. The 5-year total return is 16.5%, with dividends contributing 49.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $13,795 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
DX Recent Dividend Payments
Last 20 payments · Monthly
TTM Total$3.38
Avg/Payment$0.1690
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Sep 21, 2026Latest | $0.1700 | — | 16.75% | Oct 1, 2026 |
| Aug 21, 2026 | $0.1700 | — | 15.66% | Sep 1, 2026 |
| Jul 23, 2026 | $0.1700 | — | 16.19% | Aug 3, 2026 |
| Jun 22, 2026 | $0.1700 | — | 15.89% | Jul 1, 2026 |
| May 21, 2026 | $0.1700 | — | 15.88% | Jun 1, 2026 |
| Apr 23, 2026 | $0.1700 | — | 15.00% | May 1, 2026 |
| Mar 23, 2026 | $0.1700 | — | 16.43% | Apr 1, 2026 |
| Feb 23, 2026 | $0.1700 | — | 14.60% | Mar 2, 2026 |
DX Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
16.8%
#4 of 9
Safety
Watch
77.3% payout
Streak
2Y
3.6% 5Y CAGR
Total Shareholder
16.8%
#4 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| DXDynex Capital, Inc. | $1.8B | 16.8% | 77.3% | 2 | Watch |
 AGNCAGNC Investment Corp… | $11.4B | 15.8% | 95.9% | 0 | At Risk |
 NLYAnnaly Capital Manag… | $15.8B | 14.0% | 92.8% | 1 | At Risk |
 TWOTwo Harbors Investme… | $1.3B | 13.5% | — | 0 | Unknown |
2nd  MFAMFA Financial, Inc. | $849M | 21.5% | 1.1% | 1 | Sustainable |
3rd  ARRARMOUR Residential R… | $1.7B | 19.7% | 84.1% | 0 | Watch |
1st  IVRInvesco Mortgage Cap… | $665M | 25.0% | 1.1% | 0 | Sustainable |
 CIMChimera Investment C… | $899M | 13.6% | 53.2% | 1 | Sustainable |
 EFCEllington Financial … | $1.6B | 14.9% | 1.3% | 0 | Sustainable |
DX Annual Dividend History (1988–2026)
39 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.70 | — | 10 | — | — | — | 9.7% |
| 2025 | $1.98 | 36.6% | 12 | $2.47 | 80.2% | 1.25x | 11.3% |
| 2024 | $1.45 | -7.1% | 11 | $1.49 | 97.3% | 1.03x | 8.2% |
| 2023 | $1.56 | 0.0% | 12 | $-0.25 | — | — | 8.9% |
| 2022 | $1.56 | 0.0% | 12 | $3.17 | 49.2% | 2.03x | 8.9% |
| 2021 | $1.56 | -6.0% | 12 | $2.78 | 56.1% | 1.78x | 8.9% |
| 2020 | $1.66 | -17.4% | 12 | $6.93 | 24.0% | 4.17x | 9.4% |
| 2019 | $2.01 | -6.9% | 12 | $-7.01 | — | — | 11.4% |
| 2018 | $2.16 | 0.0% | 4 | $-0.25 | — | — | 12.3% |
| 2017 | $2.16 | -14.3% | 4 | $1.38 | 156.5% | 0.64x | 12.3% |
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Historical Returns
38+ years return with dividends reinvested.
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Peer Comparison
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DX — Frequently Asked Questions
Quick answers to the most common questions about buying DX stock.
How much dividend does DX pay per share?
Dynex Capital, Inc. (DX) pays a trailing 12-month dividend of $1.97 per share, with a current dividend yield of +16.8%. Payments are made Monthly.
When is DX's next ex-dividend date?
DX's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. DX typically pays dividends Monthly.
Is DX's dividend safe?
DX's dividend safety is rated "Watch" based on an earnings payout ratio of +77.3% and FCF payout ratio of +126.3%. The 2-year growth streak provides moderate confidence.
How many years has DX increased its dividend?
DX has 2 consecutive years of dividend growth. The 5-year dividend CAGR is +3.6%.
How often does DX pay dividends?
Dynex Capital, Inc. pays dividends Monthly. The trailing 12-month total is $1.97 per share. Dividend data on this page covers 38+ years from 1988 to 2026.
How much would $10,000 invested in DX grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in DX five years ago would be worth approximately $11,647 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is DX's yield on cost for long-term holders?
DX's yield on cost — the current dividend divided by the original purchase price — is +11.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +16.8% market yield, thanks to consistent dividend growth.