Dynex lower after cutting dividend

|About: Dynex Capital Inc. (DX)|By:, SA News Editor

A check of the mortgage REITs as dividend announcements continue to roll in finds the sector marginally higher, but Dynex (DXlower by 1% after cutting its payout by 2 cents to $0.25 per share. Hatteras Financial (HTS -0.3%) and Invesco Mortgage (IVR +0.3%) both held their dividends steady - as has been the norm for the sector this quarter.

Even with today's decline, Dynex - at $8.95 per share - trades above Dec. 31 book value of $8.69.