DX on NYSE
DYNEX CAPITAL INC
Dynex Capital, Inc. is a real estate investment trust (“REIT”) structured to deliver dividends to shareholders supported by long term returns from investments in mortgage assets backed by U.S.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
- TickerDX on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersGlen Allen, United States2
- Incorporated inVA3
- Business address140 Eastshore Drive, Ste 100, Glen Allen, Va 230593
- Filer categoryLarge accelerated filer3
- Legal formStock Corporation2
- LEI5CIJ4S9HAEBWILA19B652
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O SETH A. WINTER, 23219-3944 Richmond, United States2
- Registered withState Corporation Commission, 031405062
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Dynex Capital, Inc. is a real estate investment trust (“REIT”) structured to deliver dividends to shareholders supported by long term returns from investments in mortgage assets backed by U.S. housing and commercial real estate. Our common and preferred stocks trade on the New York Stock Exchange (“NYSE”) under the ticker symbols “DX” and “DXPRC”, respectively.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating expenses | $25.4M7 | $33.8M8 | $32.9M9 | $36.5M9 | $53.0M9 | |||
| Interest | $114.1M5 | $32.6M6 | $5.7M7 | $43.6M7 | $215.4M7 | |||
| Net income | -$152.7M5 | $177.5M6 | $102.3M7 | $143.2M8 | -$6.1M9 | $113.9M9 | $319.1M9 | |
| Earnings per share | -$7.015 | $6.936 | $2.797 | $3.198 | -$0.259 | $1.509 | $2.499 | |
| Earnings per share (diluted) | -$7.015 | $6.936 | $2.787 | $3.178 | -$0.259 | $1.499 | $2.479 | |
| Shares (weighted, basic) | 32.6M shares7 | 42.5M shares8 | 54.8M shares9 | 70.8M shares9 | 124.1M shares9 | |||
| Shares (weighted, diluted) | 32.8M shares7 | 42.7M shares8 | 54.8M shares9 | 71.3M shares9 | 125.1M shares9 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash | $62.6M12 | $295.6M5 | $366.0M6 | $332.0M7 | $119.6M8 | $377.1M9 | $531.0M9 | |
| Total assets | $5.4B12 | $3.1B5 | $3.6B6 | $3.6B7 | $6.4B8 | $8.2B9 | $17.3B9 | |
| Long-term debt | ||||||||
| Total liabilities | $4.8B12 | $2.5B5 | $2.9B6 | $2.7B7 | $5.5B8 | $7.0B9 | $14.9B9 | |
| Retained earnings | -$451.5M6 | -$383.2M7 | -$483.6M8 | -$493.7M9 | -$441.9M9 | |||
| Shareholders’ equity | $583.0M6 | $633.5M7 | $771.3M8 | $901.3M9 | $870.7M9 | $1.2B9 | $2.5B9 | |
| Shares outstanding | 22.9M shares12 | 23.7M shares5 | 36.7M shares6 | 53.6M shares7 | 57.0M shares8 | 84.5M shares9 | 174.8M shares9 | 202.0M shares9 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $175.3M5 | $174.0M6 | $147.0M7 | $126.4M8 | $62.2M9 | $14.4M9 | $120.8M9 | |
| Stock-based compensation | $2.5M7 | $4.4M8 | $4.8M9 | $7.2M9 | $12.6M9 | |||
| Cash from investing | -$555.4M7 | -$65.4M8 | -$3.0B9 | -$1.0B9 | -$8.1B9 | |||
| Dividends paid | $68.0M5 | $52.4M6 | $58.9M7 | $72.4M8 | $93.0M9 | $117.8M9 | $246.6M9 | |
| Share buybacks | $25.0M5 | $372.0K6 | $06 | $06 | ||||
| Cash from financing | $520.0M7 | -$32.3M8 | $2.7B9 | $1.4B9 | $8.3B9 | |||
| Dividend per share | $1.666 | $1.566 | $1.566 | $1.608 | $2.009 |
Leadership
Who has led DYNEX CAPITAL INC, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerSmriti Laxman Popenoe Sep 10, 2024 to now13
- Chief executive officerByron L. Boston Jan 23, 2014 to Sep 10, 202414
- Chief executive officerThomas B. Akin Mar 5, 2008 to May 10, 201315
- ChairByron L. Boston Mar 1, 2024 to now16
- ChairThomas B. Akin Mar 5, 2008 to Apr 2, 201515
- PresidentSmriti Laxman Popenoe Feb 17, 2021 to now17
- PresidentByron L. Boston Mar 5, 2012 to May 18, 202018
- Chief financial officerMichael Andrew Sartori Mar 12, 2026 to now19
- Chief financial officerRobert S. Colligan Aug 9, 2022 to Mar 12, 202620
- Chief financial officerStephen J. Benedetti Mar 19, 2010 to May 31, 202221
- Chief operating officerRobert S. Colligan Mar 4, 2025 to now22
- Chief operating officerStephen J. Benedetti Feb 10, 2006 to May 31, 202223
Board members and other officers (23)
- Chief Investment OfficerTerrence John Connelly Jr. May 26, 2026 to now24
- EVP and Co-CIOSmriti Laxman Popenoe Jan 3, 2014 to May 18, 202025
- ControllerJeffrey L. Childress Mar 31, 2010 to now26
- Chief Investment OfficerByron L. Boston Apr 6, 2010 to Sep 9, 201127
- Board memberDouglas E. Neal Jun 30, 2026 to now28
- Board memberSmriti Laxman Popenoe Mar 1, 2024 to now29
- Board memberAlexander I. Crawford Mar 18, 2024 to now30
- Board memberMarie A. Chandoha Jun 5, 2024 to now31
- Board memberJoy D. Palmer Nov 6, 2020 to now32
- Board memberJulia Lynn Coronado Nov 6, 2020 to now33
- Board memberDavid H. Stevens Jan 11, 2019 to May 22, 202334
- Board memberByron L. Boston Mar 19, 2013 to Feb 26, 202435
- Board memberRobert A. Salcetti Dec 20, 2013 to Mar 13, 202436
- Board memberValerie Mosley Dec 24, 2013 to Jun 16, 202037
- Board memberMichael R. Hughes Nov 15, 2010 to Mar 13, 202438
- Board memberJay Buck May 20, 2008 to May 20, 200839
- Board memberJames C. Wheat Iii. Aug 25, 2008 to May 23, 201640
- Board memberBarry Igdaloff Mar 7, 2006 to Jun 16, 202041
- Board memberDaniel K. Osborne Mar 7, 2006 to May 15, 201342
- Board memberDer Porten Eric P. Von Mar 7, 2006 to Jun 1, 200743
- Board memberLeon A. Felman Mar 7, 2006 to Oct 19, 201044
- Board memberThomas B. Akin Mar 7, 2006 to Dec 15, 201645
- Board memberJ. Sidney Davenport Jun 20, 2006 to Jun 20, 200646
Former names
- RESOURCE MORTGAGE CAPITAL INC/VAJan 28, 1994 to Mar 17, 19973
Timeline
Filings
249 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 115 insider forms, 10 large holders, 51 other. The latest 20:
- Sep 29, 2026CERT NYSE CERTIFICATION EDGAR
- Sep 29, 20268-K EDGAR
- Sep 29, 20268-A12B EDGAR
- Sep 28, 20264 EDGAR
- Sep 25, 20268-K EDGAR
- Sep 23, 2026424B5 EDGAR
- Sep 22, 2026FWP EDGAR
- Sep 22, 2026424B5 EDGAR
- Sep 10, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Jul 28, 20268-K EDGAR
- Jul 28, 2026424B5 EDGAR
- Jul 27, 202610-Q EDGAR
- Jul 20, 20268-K EDGAR
- Jun 30, 20264 EDGAR
- Jun 30, 20263 EDGAR
- Jun 16, 20268-K EDGAR
- May 26, 20264 EDGAR
- May 26, 20264 EDGAR
- May 26, 20264 EDGAR
The 249 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
16 open-market trades by officers, directors and large owners since October 2021: 16 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 25, 2026 | Connelly Terrence John JRChief Investment Officer | Buy | 2,500 | $11.18 | $27.9K | Form 4 |
| Feb 27, 2026 | Popenoe Smriti LaxmanCo-CEO and President | Buy | 2,000 | $12.19 | $24.4K | Form 4 |
| Sep 26, 2025 | Popenoe Smriti LaxmanCo-CEO and President | Buy | 4,260 | $12.16 | $51.8K | Form 4 |
| Sep 26, 2025 | COLLIGAN ROBERT SCFO and COO | Buy | 4,200 | $12.12 | $50.9K | Form 4 |
| Mar 14, 2023 | COLLIGAN ROBERT SCFO and COO | Buy | 8,000 | $12.16 | $97.3K | Form 4 |
| Oct 26, 2022 | BOSTON BYRON LCo-CEO & Chairman of the Board | Buy | 2,500 | $11.61 | $29.0K | Form 4 |
| Oct 25, 2022 | BOSTON BYRON LCo-CEO & Chairman of the Board | Buy | 12,000 | $10.92 | $131.0K | Form 4 |
| Sep 2, 2022 | Popenoe Smriti LaxmanCo-CEO and President | Buy | 2,000 | $15.50 | $31.0K | Form 4 |
| Sep 1, 2022 | Popenoe Smriti LaxmanCo-CEO and President | Buy | 325 | $15.27 | $5.0K | Form 4 |
| Aug 23, 2022 | COLLIGAN ROBERT SCFO and COO | Buy | 10,000 | $15.84 | $158.4K | Form 4 |
| Aug 22, 2022 | BOSTON BYRON LCo-CEO & Chairman of the Board | Buy | 1,928 | $15.54 | $30.0K | Form 4 |
| Jun 13, 2022 | BOSTON BYRON LCo-CEO & Chairman of the Board | Buy | 6,562 | $15.25 | $100.1K | Form 4 |
| May 17, 2022 | BOSTON BYRON LCo-CEO & Chairman of the Board | Buy | 1,167 | $16.27 | $19.0K | Form 4 |
| May 13, 2022 | BOSTON BYRON LCo-CEO & Chairman of the Board | Buy | 2,000 | $16.00 | $32.0K | Form 4 |
| Feb 24, 2022 | Childress Jeffrey LSVP, Chief Accounting Officer | Buy | 100 | $24.75 | $2.5K | Form 4 |
| Feb 4, 2022 | BOSTON BYRON LCo-CEO & Chairman of the Board | Buy | 12,600 | $15.98 | $201.3K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G/A, 2 filings Feb 5, 2025 to Apr 27, 202647
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 13, 2024 to Mar 26, 202648
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 18,437,985 | $241.7M | 0.0% | +2,355,906 |
| Vanguard Capital Management LLC | 9,145,837 | $119.9M | 0.0% | +632,153 |
| Millennium Management LLC | 7,016,976 | $92.0M | 0.1% | +4,262,649 |
| Marshall Wace, Llp | 6,413,930 | $84.1M | 0.1% | +6,201,462 |
| Geode Capital Management, LLC | 5,566,081 | $73.0M | 0.0% | +824,639 |
| State Street Corp | 5,113,743 | $67.9M | 0.0% | +579,022 |
| Ameriprise Financial Inc | 3,347,364 | $43.9M | 0.0% | +1,401,864 |
| Two Sigma Investments, LP | 2,965,239 | $38.9M | 0.0% | +1,015,561 |
| Northern Trust Corp | 2,320,658 | $30.4M | 0.0% | +536,787 |
| Wellington Management Group Llp | 2,221,800 | $29.1M | 0.0% | +1,307,100 |
| Royal Bank Of Canada | 2,153,884 | $28.2M | 0.0% | +622,781 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,132,490 | $28.0M | 0.0% | +72,105 |
| Victory Capital Management Inc | 2,125,257 | $27.9M | 0.0% | −474,341 |
| Vanguard Portfolio Management LLC | 1,810,563 | $23.7M | 0.0% | +410,722 |
| Qube Research & Technologies Ltd | 1,800,280 | $23.6M | 0.0% | −1,908,113 |
| Charles Schwab Investment Management Inc | 1,795,250 | $23.5M | 0.0% | +147,356 |
| Callodine Capital Management, LP | 1,642,300 | $21.5M | 1.4% | −28,554 |
| Segall Bryant & Hamill, LLC | 1,637,513 | $21.5M | 0.3% | +102,917 |
| Invesco Ltd. | 1,501,658 | $19.7M | 0.0% | +209,715 |
| Van Eck Associates Corp | 1,485,109 | $19.5M | 0.0% | −31,235 |
| Fmr LLC | 1,436,183 | $18.8M | 0.0% | +230,077 |
| Vanguard Fiduciary Trust Co | 1,426,325 | $18.7M | 0.0% | +145,827 |
| UBS Group AG | 1,397,927 | $18.3M | 0.0% | +317,114 |
| Morgan Stanley | 1,281,047 | $16.8M | 0.0% | −34,994 |
| Balyasny Asset Management L.P. | 1,220,139 | $16.0M | 0.0% | −1,219,509 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARByron L. Boston, Chair
- 17SEC EDGARSmriti Laxman Popenoe, President
- 18SEC EDGARByron L. Boston, President
- 19
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- 21
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- 26SEC EDGARJeffrey L. Childress, Controller
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- 28SEC EDGARDouglas E. Neal, Board member
- 29SEC EDGARSmriti Laxman Popenoe, Board member
- 30SEC EDGARAlexander I. Crawford, Board member
- 31SEC EDGARMarie A. Chandoha, Board member
- 32SEC EDGARJoy D. Palmer, Board member
- 33SEC EDGARJulia Lynn Coronado, Board member
- 34SEC EDGARDavid H. Stevens, Board member
- 35SEC EDGARByron L. Boston, Board member
- 36SEC EDGARRobert A. Salcetti, Board member
- 37SEC EDGARValerie Mosley, Board member
- 38SEC EDGARMichael R. Hughes, Board member
- 39SEC EDGARJay Buck, Board member
- 40SEC EDGARJames C. Wheat Iii., Board member
- 41SEC EDGARBarry Igdaloff, Board member
- 42SEC EDGARDaniel K. Osborne, Board member
- 43SEC EDGARDer Porten Eric P. Von, Board member
- 44SEC EDGARLeon A. Felman, Board member
- 45SEC EDGARThomas B. Akin, Board member
- 46SEC EDGARJ. Sidney Davenport, Board member
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