The Fed Hiked And Dynex Bled, Rithm Held

Impact · against what's priced in

Rithm Capital presents a stronger value proposition due to superior dividend coverage and a book value discount, with a near-term catalyst in its November 9 filing. Dynex Capital faces immediate downside risk as its dividend payout exceeds distributable earnings, leaving it vulnerable to a cut.

DX−0.60

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In context

Dynex is paying out more in dividends than it earns in distributable earnings, creating an immediate risk of a dividend cut.

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• fed▲119%
• rates▲56%
• dividends
• DX
• RITM
• book value
• dividend coverage
• financials