Ellington Financial Inc. (NYSE:EFC – Get Free Report) announced a monthly dividend on Monday, June 8th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.13 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Tuesday, June 30th.
Ellington Financial has raised its dividend 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. Equities research 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%.
Ellington Financial Stock Down 1.1%
Shares of NYSE:EFC opened at $13.40 on Tuesday. Ellington Financial has a 52 week low of $11.27 and a 52 week high of $14.12. The company has a debt-to-equity ratio of 10.18, a quick ratio of 42.65 and a current ratio of 42.65. The company’s fifty day moving average is $13.03 and its 200-day moving average is $13.09. The company has a market capitalization of $1.68 billion, a PE ratio of 8.07 and a beta of 0.94.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in EFC. Sound Income Strategies LLC lifted its position in Ellington Financial by 267.4% during the 1st quarter. Sound Income Strategies LLC now owns 2,208 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,607 shares during the period. Daytona Street Capital LLC acquired a new position in Ellington Financial during the 4th quarter valued at about $34,000. REAP Financial Group LLC acquired a new position in Ellington Financial during the 4th quarter valued at about $36,000. Danske Bank A S acquired a new position in Ellington Financial during the 3rd quarter valued at about $44,000. Finally, Huntington National Bank lifted its position in Ellington Financial by 35.3% during the 4th quarter. Huntington National Bank now owns 4,136 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,078 shares during the period. 55.62% of the stock is currently owned by institutional investors and hedge funds.
About Ellington Financial
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.
Recommended Stories
- Five stocks we like better than Ellington Financial
- Campbell’s Soup Stock: Deep Value and a 7% Dividend Yield
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
Receive News & Ratings for Ellington Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial and related companies with MarketBeat.com's FREE daily email newsletter.
