DYNEX CAPITAL INC
Close on Oct 19, 2026
- Market cap
- $2.36B
- P/E (TTM)
- 4.0
- Dividend yield
- 18.94%
About Dynex Capital
Real Estate Investment Trusts, SIC 6798
Dynex Capital, Inc. is an internally managed real estate investment trust that invests primarily in residential and commercial mortgage-backed securities guaranteed by United States government-sponsored enterprises. The company also allocates capital across other mortgage-related assets, including to-be-announced forward contracts, non-agency securities, and commercial mortgage-backed securities interest-only securities backed by commercial real estate such as multifamily housing, office buildings, hospitality, and retail properties. Dynex generates returns through disciplined capital allocation, risk management, and the use of leverage via short-term repurchase agreement borrowings provided by major financial institutions and broker-dealers.
The company focuses on investments tied to the United States housing and commercial real estate markets. As of December 31, 2025, Dynex Capital employed 28 full-time and part-time personnel. The provided report details the company's operational framework, regulatory structures, and borrowing activities with financial counterparties, but does not state the location of its corporate headquarters.
Summary of the business section of Dynex Capital's latest annual report, written by StockData.
Company profile
Company
- Legal name
- DYNEX CAPITAL INC
- Headquarters
- Glen Allen, VA
- Address
- 140 Eastshore Drive, Ste 100 23059
- Phone
- (804) 217-5800
- Website
- dynexcapital.com
- Employees
- 20, Dec 31, 2019
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Virginia
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young, LLP, Richmond, Virginia
Stock & identifiers
- Ticker
- DX
- Other tickers
- DX.PC, DX.PD
- Exchange
- NYSE
- Shares outstanding
- 247M, Jul 24, 2026
- Public float
- $1.50B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 1-for-3 reverse, Jun 30, 2019; 1-for-3 reverse, Jun 21, 2019; 1-for-4 reverse, Aug 2, 1999; 2-for-1, May 27, 1997
- SEC CIK
- 826675
- CUSIP
- 26817Q886
- ISIN
- US26817Q8868
- LEI
- 5CIJ4S9HAEBWILA19B65
- EIN
- 52-1549373
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Smriti Laxman Popenoe | Co-CEO and President, Director | 536,203 |
| Byron L. Boston | Co-CEO & Chairman of the Board, Director | 889,662 |
| Terrence John Connelly JR | Chief Investment Officer | 58,695 |
| Michael Andrew Sartori | Chief Financial Officer | 1,714 |
| Jeffrey L. Childress | SVP, Chief Accounting Officer | 37,554 |
| Robert S. Colligan | CFO and COO | 120,857 |
| Douglas E. Neal | Director | 10,372 |
| Julia Lynn Coronado | Director | 57,070 |
| Andrew I. Gray | Director | 33,131 |
| Alexander I. Crawford | Director | 33,131 |
| Marie A. Chandoha | Director | 31,826 |
| Joy D. Palmer | Director | 40,148 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr Boston | $7.77M | $11.28M | $3.72M | $143 | $114 |
| FY2025 Ms Popenoe | $7.68M | $10.89M | $3.72M | $143 | $114 |
| FY2024 Mr Boston | $7.20M | $7.17M | $3.38M | $129 | $80 |
| FY2024 Mr.Boston | $7.20M | $7.17M | $3.38M | $129 | $80 |
| FY2024 Mrs.Popenoe | $6.16M | $6.12M | $3.38M | $129 | $80 |
| FY2024 Ms Popenoe | $6.16M | $6.12M | $3.38M | $129 | $80 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2019, we have 20 employees and our corporate office is located in Glen Allen, Virginia.”
Corporate history
Events identified from SEC filings