In Tuesday trading, Dynex Capital Inc’s 6.90% Series C Fix/Float Cumulative Redeemable Preferred Stock (Symbol: DX.PRC) was yielding over 9%, with shares trading as low as $25.93. This yield significantly exceeds the average of 8.05% for preferred stocks in the Real Estate category. Additionally, DX.PRC is trading at a 4.72% premium to its liquidation preference, contrasting with an average discount of 14.25% in the same category.
As of the latest close, DX.PRC was down approximately 0.5% for the day, while the company’s common shares (Symbol: DX) decreased by about 0.7%.
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