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Dec 31, 2023
Dynex Capital Q4 2023 Earnings Report
Dynex Capital reported fourth quarter and full year 2023 financial results.
Key Takeaways
Dynex Capital reported a total economic return of $1.45 per common share, or 11.8% of beginning book value, for the fourth quarter of 2023. The book value per common share was $13.31 as of December 31, 2023. Comprehensive income was $1.44 per common share and net income was $0.39 per common share for the fourth quarter of 2023.
Total economic return of $1.45 per common share, or 11.8% of beginning book value, for the fourth quarter of 2023.
Book value per common share of $13.31 as of December 31, 2023.
Comprehensive income of $1.44 per common share and net income of $0.39 per common share for the fourth quarter of 2023.
Dividends declared of $0.39 per common share for the fourth quarter of 2023.
Forward Guidance
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “forecast,” “anticipate,” “estimate,” “project,” “plan,” "may," "could," "will," "continue" and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified.
Positive Outlook
- Ability to find suitable investment opportunities.
- Changes in domestic economic conditions.
- The Company’s investment portfolio performance, particularly as it relates to cash flow, prepayment rates and credit performance.
- The cost and availability of new equity capital.
- Changes to the Company’s investment strategy, operating policies, dividend policy or asset allocations.
Challenges Ahead
- Geopolitical events, such as terrorism, war or other military conflict, including increased uncertainty regarding the war between Russia and the Ukraine and the related impact on macroeconomic conditions as a result of such conflict.
- Changes in interest rates and credit spreads, including the repricing of interest-earning assets and interest-bearing liabilities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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