DX (Dynex Capital) Dividend Payout Ratio: 0.00 (As of Mar. 2026)

What is Dynex Capital Dividend Payout Ratio?

Dynex Capital DX +0.70% 67 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates DX with a GF Score™ of 67/100 and a GF Value™ of $19.66 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 718 REITs companies, Dynex Capital ranks worse than 66.16% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Dynex Capital's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Dynex Capital Inc is 1.21, which seems too high.

The historical rank and industry rank for Dynex Capital's Dividend Payout Ratio or its related term are showing as below:

DX' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.81 Max: 1.58
Current: 1.21

During the past 13 years, the highest Dividend Payout Ratio of Dynex Capital was 1.58. The lowest was 0.24. And the median was 0.81.

DX's Dividend Payout Ratio is ranked worse than
66.16% of 718 companies
in the REITs industry
Industry Median: 0.99 vs DX: 1.21

As of today (2026-06-24), the Dividend Yield % of Dynex Capital is 15.65%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Dynex Capital was 20.82%. The lowest was 7.92%. And the median was 12.12%.

Dynex Capital's Dividends per Share for the months ended in Mar. 2026 was $0.51.

During the past 12 months, Dynex Capital's average Dividends Per Share Growth Rate was 21.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -4.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Dynex Capital was 132.10% per year. The lowest was -10.40% per year. And the median was -2.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Dynex Capital (NYSE:DX) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Dynex Capital Dividend Payout Ratio Related Terms

Dynex Capital Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Dynex Capital's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dynex Capital Dividend Payout Ratio Chart

Dynex Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.56

0.49

0.00

1.07

0.81

Dynex Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	0.00	0.47	0.44	0.00

DX vs BXMT, ARR, EFC: Dividend Payout Ratio Comparison

For the REIT - Mortgage subindustry, Dynex Capital's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dynex Capital Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Dynex Capital's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Dynex Capital's Dividend Payout Ratio falls into.

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67GF Score

Dynex Capital Inc DX

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Dynex Capital Dividend Payout Ratio Calculation

Dynex Capital's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2	/	2.47
	=	0.81

Dynex Capital's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.51	/	-0.41
	=	N/A

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.00 mean?

Dynex Capital (DX) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Dynex Capital and its competitors. Over the past decade, Dynex Capital's Dividend Payout Ratio has ranged from 0.24 to 1.58. According to the industry distribution chart, Dynex Capital ranks #475 out of 718 companies in the REITs industry, placing it in the top 66.2%.

Is Dynex Capital's Dividend Payout Ratio too high?

Dynex Capital's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.58. Based on the distribution chart, Dynex Capital ranks #475 out of 718 companies in the REITs industry, which is below the industry midpoint. Overall, Dynex Capital has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Dynex Capital's Dividend Payout Ratio compare to BXMT and ARR?

According to the REITs industry distribution chart, Dynex Capital ranks #475 out of 718 companies for Dividend Payout Ratio. This places Dynex Capital in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Historically, Dynex Capital's own Dividend Payout Ratio has ranged from 0.24 to 1.58 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Dynex Capital and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dynex Capital's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Dynex Capital stock overvalued right now?

Based on GuruFocus' analysis, Dynex Capital (DX) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.66, compared to a current price of $13.01 — trading 33.8% below its estimated fair value. The current Dividend Payout Ratio is 0.00. Dynex Capital's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Dynex Capital (DX), the current Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dynex Capital (DX) Overvalued in 2026?

Based on GuruFocus' analysis, Dynex Capital stock appears to be undervalued. The current stock price of $13.01 is trading 33.8% below its estimated GF Value™ of $19.66. GuruFocus considers Dynex Capital to be Significantly Undervalued.

Key valuation signals for DX:

Dividend Payout Ratio: 0.00
GF Value™: $19.66 vs. price of $13.01 (33.8% below fair value)
GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the DX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dynex Capital Business Description

Industry Real Estate REITs

Comparable Companies BXMT ARR EFC ARI ORC LADR TWO CIM ABR MFA NLY AGNC STWD RITM BSP:KNCR11 PMT ADAM BRSP IVR RWT

Other Exchanges DXpC.PFD:USA DYT1:Germany

Address 140 East Shore Drive, Suite 100, Glen Allen, Richmond, VA, USA, 23059-5755

Website https://www.dynexcapital.com

Dynex Capital Inc is a real estate investment trust (REIT) focused on delivering dividends supported by long term returns from investments in mortgage assets backed by U.S. housing and commercial real estate. The Company is internally managed and mainly invests in residential and commercial mortgage-backed securities (RMBS and CMBS), which are Agency securities guaranteed by U.S. government-sponsored enterprises (GSEs). It manages interest rate, prepayment, spread, liquidity, and counterparty risks and operates through one reportable segment investing in MBS funded with repurchase agreements and equity.

67GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.01

Price

$19.66

GF Value

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