BuybackApr 21, 2026, 08:12 AM
Dynex Capital Approves New $350M Share Buyback Program
AI Summary
Dynex Capital, Inc. announced that its Board of Directors approved a new share repurchase program. The program authorizes the repurchase of up to $300 million of its common stock and up to $50 million of its preferred stock, totaling $350 million. This new program is authorized through April 30, 2028, and replaces the company's previous repurchase program. Repurchases may occur through various means, including open market transactions, and are subject to market conditions and regulatory requirements.
Key Highlights
- Board approved new share repurchase program.
- Up to $300 million authorized for common stock.
- Up to $50 million authorized for preferred stock.
- Program valid through April 30, 2028.
- Replaces prior program set to expire April 30, 2026.