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

Ellington Financial Inc. (NYSE:EFC – Get Free Report) announced a monthly dividend on Tuesday, September 8th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.13 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

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 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 Trading Down 0.6%

Shares of NYSE:EFC opened at $13.39 on Wednesday. Ellington Financial has a 52-week low of $11.27 and a 52-week high of $14.12. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 8.16 and a beta of 0.94. The company has a debt-to-equity ratio of 10.39, a quick ratio of 52.06 and a current ratio of 52.06. The stock’s 50-day simple moving average is $13.49 and its two-hundred day simple moving average is $13.08.

Ellington Financial (NYSE:EFC – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.14. The business had revenue of $134.11 million for the quarter, compared to the consensus estimate of $114.59 million. Ellington Financial had a net margin of 52.43% and a return on equity of 16.61%. Analysts expect that Ellington Financial will post 2.13 EPS for the current year.

About Ellington Financial

(Get Free Report)

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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