Ellington Financial Inc. (NYSE:EFC) Announces Monthly Dividend of $0.13

Ellington Financial Inc. (NYSE:EFC – Get Free Report) declared a monthly dividend on Wednesday, July 8th. Investors of record on Friday, July 31st will be given a dividend of 0.13 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Friday, July 31st.

Ellington Financial has increased its dividend payment by an average of 0.0%per year over the last three years. Ellington Financial has a dividend payout ratio of 91.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Ellington Financial to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 76.8%.

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Ellington Financial Trading Down 0.4%

Shares of EFC stock opened at $13.43 on Thursday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 8.09 and a beta of 0.93. The company has a quick ratio of 42.65, a current ratio of 42.65 and a debt-to-equity ratio of 10.18. Ellington Financial has a fifty-two week low of $11.27 and a fifty-two week high of $14.12. The firm’s 50 day moving average price is $13.50 and its two-hundred day moving average price is $13.07.

Ellington Financial (NYSE:EFC – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.13. Ellington Financial had a net margin of 72.08% and a return on equity of 15.81%. The company had revenue of $188.83 million during the quarter, compared to the consensus estimate of $114.09 million. On average, analysts anticipate that Ellington Financial will post 1.95 EPS for the current year.

Ellington Financial Company Profile

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Ellington Financial, Inc (NYSE: EFC) is a mortgage real estate investment trust (REIT) that focuses on generating attractive risk-adjusted returns through investments in residential and commercial mortgage-related assets. Established in 2013, the company is externally managed by Ellington Financial Management, L.P., a subsidiary of Ellington Management Group, an alternative asset management firm. EFC’s core strategy centers on actively acquiring and managing agency and non-agency residential mortgage-backed securities (MBS), mortgage servicing rights, residential whole loans, and other structured finance instruments, including asset-backed securities and commercial mortgage-backed securities (CMBS).

The company employs leverage and structured financing tools—such as repurchase agreements and secured credit facilities—to enhance portfolio yield while maintaining focus on risk mitigation.

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