Will the SpaceX IPO Put These 5 Public Space Stocks Into a Higher Orbit?
Dynex Capital (NYSE:DX) reported what executives described as a strong second quarter of 2026, citing book value growth, accretive capital issuance and continued expansion of its Agency mortgage-backed securities portfolio
On the company’s earnings call, Smriti Popenoe, co-chief executive officer and president, said Dynex generated a total economic return of 6.4% for the quarter while issuing nearly $400 million of capital. She said the company’s capital base increased to $3.1 billion in the first half of the year from $2.4 billion at year-end, while its Agency MBS portfolio grew by more than 40%. “We are progressing well on our path, delivering consistent dividend income for our shareholders while building scale and resilience,” Popenoe said. She added that since 2022, Dynex has expanded its capital base fivefold.
Book Value Rises as Net Interest Income Improves Michael Sartori, chief financial officer, said Dynex ended the quarter with book value per share of $12.90, up 2.4% from $12.60 at March 31. The increase was primarily driven by tighter spreads versus the prior quarter and accretive capital deployment, he said. The company’s 6.4% total economic return included $0.51 per share in common dividends and $0.30 per share from an increase in portfolio value during the quarter.