Ellington Financial Inc. (NYSE:EFC – Get Free Report) declared a monthly dividend on Thursday, November 5th. Stockholders of record on Monday, November 30th will be given a dividend of $0.13 per share by the financial services provider on Thursday, December 31st. This represents a $1.56 annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend is Monday, November 30th.
Ellington Financial has a payout ratio of 91.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Ellington Financial to earn $2.09 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 74.6%.
Ellington Financial Stock Down 1.7%
Ellington Financial stock opened at $11.29 on Friday. The business’s 50-day moving average price is $12.17 and its 200 day moving average price is $12.84. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 6.80 and a beta of 1.01. Ellington Financial has a 52 week low of $11.15 and a 52 week high of $14.12. The company has a quick ratio of 52.06, a current ratio of 52.06 and a debt-to-equity ratio of 10.39.
Ellington Financial (NYSE:EFC – Get Free Report) last released its earnings results on Wednesday, November 4th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). Ellington Financial had a return on equity of 16.61% and a net margin of 52.43%. The company had revenue of $117.72 million during the quarter, compared to analyst estimates of $125.83 million. As a group, sell-side analysts anticipate that Ellington Financial will post 2.13 earnings per share for the current year.
Ellington Financial Company Profile
Ellington Financial Inc is a real estate investment trust (REIT) that acquires, invests in and manages a portfolio of mortgage-related and other financial assets. The company focuses primarily on residential and commercial mortgage loans, mortgage-backed securities and related investments.
Its investment activities may include agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights and consumer loans.
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