Income Investors Chasing Dynex Capital’s 14.3% Yield Should See These Numbers First

Income Investors Chasing Dynex Capital’s 14.3% Yield Should See These Numbers First

Quick Read Dynex Capital (DX) paid $167.8M in dividends through Q3 2025 against only $106.5M in operating cash flow. Dynex’s operating cash flow collapsed from $174M in 2020 to $14M in 2024. The company holds $930M in cash against $13.9B in short-term debt that requires continuous refinancing. Dynex Capital (NYSE:DX) operates as an internally managed mortgage REIT specializing in Agency RMBS and CMBS. The company invests in government-backed …