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Dynex Cap (NYSE:DX) declared a dividend payable on February 1, 2021 to its shareholders as of January 13, 2021. It was also announced that shareholders of Dynex Cap's stock as of January 25, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Dynex Cap will be on January 22, 2021. The company's current dividend payout is at $0.13. That equates to a dividend yield of 8.86% at current price levels.
What Is An Ex-Dividend Date?
An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Dynex Cap's Dividend Performance
Over the past year, Dynex Cap has seen its dividend payouts remain the same and its yields trend downward. Last year on September 23, 2020 the company's payout sat at $0.13, which has returned to its value today. Dynex Cap's dividend yield last year was 10.25%, which has since decreased by 1.39%.
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.
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