Ellington Financial Inc. (EFC) To Go Ex-Dividend on August 31st

Ellington Financial Inc. (NYSE:EFC – Get Free Report) announced a monthly dividend on Monday, August 10th. Investors of record on Monday, August 31st will be paid a dividend of 0.13 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Monday, August 31st.

Ellington Financial has raised its dividend payment by an average of 0.0%annually over the last three years. Ellington Financial has a dividend 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 decline. 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%.

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Ellington Financial Price Performance

Shares of NYSE EFC opened at $13.58 on Friday. The company has a current ratio of 52.06, a quick ratio of 52.06 and a debt-to-equity ratio of 10.39. The company’s 50-day moving average price is $13.52 and its 200 day moving average price is $13.05. Ellington Financial has a 52 week low of $11.27 and a 52 week high of $14.12. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 8.28 and a beta of 0.94.

Ellington Financial (NYSE:EFC – Get Free Report) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. Ellington Financial had a net margin of 52.43% and a return on equity of 16.61%. The company had revenue of $134.11 million during the quarter, compared to analysts’ expectations of $114.59 million. As a group, research analysts forecast that Ellington Financial will post 2.13 earnings per share for the current fiscal year.

About Ellington Financial

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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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