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StockVS

NYSE · REIT - Mortgage · USD

Dynex Capital, Inc. (DX) Stock Analysis

Dynex Capital, Inc. (DX) is a REIT - Mortgage stock listed on NYSE and quoted in US Dollar.

DX

$12.90

+$0.07 (+0.55%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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DX Key Statistics

As of Sep 4, 2026
Trading
Open
$12.78
Previous Close
$12.83
Day's Range
12.74–12.96
52-Week Range
11.83–14.93
Volume
2.86M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.94
Valuation
Market Cap
$3.20B
P/E Ratio
4.10
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
8.23
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.71
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
6.37
EPS (ttm)Profit attributable to each share over the last twelve months.
3.15
Financials (FY)
Revenue (FY)
$372.11M+147.42%
Net Income (FY)
$319.07M+180.13%
Profit marginThe share of revenue left as profit after all costs and taxes.
86.84%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
248.17M
1-Year Return
+16.36%
Dividend and dates
Dividend
$2.04+15.90%
Ex-Dividend Date
August 21, 2026
Earnings Date
October 19, 2026estimated
Avg Volume
5.32M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

DX Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+1.95%
2025+29.48%
2024+13.64%
2023+11.91%
2022−15.39%
2021+2.25%
2020+17.09%
2019+11.12%
2018−8.46%
2017+13.80%
2016 (partial year)−2.37%

As of September 4, 2026.

DX Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$372.11M$319.07M85.7%
2024$150.40M$113.90M75.7%
2023$26.75M−$6.13M−22.9%
2022$177.00M$143.16M80.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$372.11M——$319.07M85.7%
2024$150.40M——$113.90M75.7%
2023$26.75M——−$6.13M−22.9%
2022$177.00M——$143.16M80.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

DX Dividend History

$1.98+36.6% vs 2024

Dividends per share, 2025 · 12 payments

YearDividends per sharePaymentsChange
2026*$1.539—
2025$1.9812+36.6%
2024$1.4511−7.1%
2023$1.5612+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)$1.539—
2025$1.9812+36.6%
2024$1.4511−7.1%
2023$1.5612+0.0%
2022$1.5612+0.0%
2021$1.5612−6.0%
2020$1.6612−17.4%
2019$2.0112−6.9%
2018$2.164+0.0%
2017$2.164+71.4%
2016$1.262—

Most recent payment: $0.17 per share, ex-dividend August 21, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

DX Valuation vs REIT - Mortgage Median

Median of 49 stocks
MetricDXREIT - Mortgage medianvs median
P/E4.108.7353% below
P/S ratio6.374.5540% above
Profit margin86.84%48.95%37.9 pts above

Medians across 49 REIT - Mortgage stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Dynex Capital, Inc. (DX) carries a market capitalisation of $3.20B. The company sits in the Real Estate sector, in the REIT - Mortgage industry. The company reports 28 employees.

Over the past 52 weeks the price has ranged from $11.83 to $14.93. The most recent close on file for DX is $12.90, dated September 4, 2026. That is +$0.07 (+0.55%) against the previous close. The latest close sits 9.04% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $372.11M. That is +147.42% against the prior fiscal year, when revenue was $150.40M. Net income for the same year was $319.07M. That is +180.13% against the prior fiscal year. The reported profit margin is 86.84%. That is 37.9 percentage points above the REIT - Mortgage median of 48.95%. Earnings per share on a trailing basis come to 3.15.

Across the 4 fiscal years on file, revenue moves from $177.00M in 2022 to $372.11M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 4.1 times earnings. That is 53.04% below the REIT - Mortgage median of 8.73. The forward P/E on file is 8.23. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.71. The price-to-sales ratio is 6.37. On price-to-sales that is 40.01% above the REIT - Mortgage median of 4.55. The medians here are taken across 49 REIT - Mortgage companies that report the metric.

The reported beta is 0.94. Daily returns over the trailing 10 years annualize to a volatility of 29.89%. The trailing one-year price return is +16.36%. Across 10 years the annualized return works out at +6.72%.

Growth & Income

Shareholders receive a dividend, yielding 15.9% on the latest price. That is 2.8 percentage points above the REIT - Mortgage median yield of 13.14%. The indicated annual rate is $2.04 a share. The ex-dividend date on file is August 21, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $1.53 a share. The year before, 2025, totalled $1.98 a share.

2026 is still running; the price is +1.95% year to date. The strongest complete calendar year on file is 2025 at +29.48%; the weakest is 2022 at −15.39%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

Dynex Capital, Inc. (DX) operates in the REIT - Mortgage industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Dynex Capital, Inc. DX $3.20B 4.1
Annaly Capital Management, Inc. NLY $17.19B 5.5
AGNC Investment Corp. AGNC $12.63B 5.3
Starwood Property Trust, Inc. STWD $6.11B 26.8

The REIT - Mortgage industry average P/E ratio is 8.7x. Dynex Capital, Inc. trades at a P/E of 4.1.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Dynex Capital, Inc.

Dynex Capital, Inc., a mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS do not have a guaranty of principal or interest payments. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia.

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