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Income gains as Dynex moves further out the curve

Published 08/02/2017, 07:51 AM
© Reuters.  Income gains as Dynex moves further out the curve
DX
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  • Q2 core net operating income of $9.3M or $0.19 per share vs. $7.4M and $0.15 in Q1. Dividend is $0.18.
  • June 30 book value per share of $7.38 slips from $7.52 three months earlier. Last night's close of $6.92 is a 6% discount to June 30 book.
  • Economic return for the quarter of $0.04 per share, or half a percent on book value (2% annualized).
  • The company has taken a more aggressive investment stance, with CEO Byron Boston noting a reallocation of capital during quarter from short-duration, lower-yielding investments to 30-year fixed-rate agency MBS.
  • Previously: Dynex Capital beats by $0.02, beats on revenue (Aug. 2)
  • DX flat premarket
  • Now read: Quick And Dirty mREIT Discounts For July 30th, 2017


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