Dynex Capital, Inc., a REIT with a long track record of generating dividends from high-quality mortgage assets, announced today that the Company's Board of Directors has declared a cash dividend of $0.17 per share on its Common Stock (NYSE:DX) for March 2026. The Common dividend is payable on April 1, 2026, to shareholders of record as of March 23, 2026.

The Company's Board also declared a quarterly cash dividend of $0.58711 per share of its Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:DXPRC) for the first quarter of 2026. The Preferred dividend is payable on April 15, 2026, to shareholders of record as of April 1, 2026.

The Series C Preferred shares accrue dividends at a floating rate equal to Three-Month CME Term SOFR plus 0.26161% plus 5.461%. The dividend rate for the dividend period ending April 14, 2026, is 9.39374%.

About Dynex Capital

Dynex Capital, Inc. (NYSE:DX) is a leading internally managed REIT with a long track record of delivering attractive dividends through the disciplined risk management of investments in high‑quality mortgage assets backed by U.S. residential and commercial real estate. Additional information is available at www.dynexcapital.com.

Forward Looking Statement

Statements in this press release regarding the business of Dynex Capital, Inc. that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company cautions that forward-looking statements involve risks and uncertainties. For a discussion of these risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements.

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Alison Griffin

804-217-5897

Dynex Capital, Inc. Declares Common and Preferred Stock Dividends