Analyzing Dynex Cap's Ex-Dividend Date

On June 10, 2021, Dynex Cap DX announced shareholders can expect to receive a dividend payable on July 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Dynex Cap, whose current dividend payout is $0.13, has an ex-dividend date set at June 18, 2021. The payout equates to a dividend yield of 7.65% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Dynex Cap's Dividend History

Over the past year, Dynex Cap has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on February 19, 2021 the company's payout was $0.13, which has returned to its value today. Dynex Cap's dividend yield last year was 8.46%, which has since decreased by 0.81%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more about Dynex Cap click here.