Ellington Credit Company (EARN) To Go Ex-Dividend on February 27th

Ellington Credit Company (NYSE:EARN) announced a monthly dividend on Monday, February 9th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.08 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 18.5%. The ex-dividend date of this dividend is Friday, February 27th.

Ellington Credit has decreased its dividend payment by an average of 0.0%per year over the last three years. Ellington Credit has a payout ratio of 88.9% 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 Credit to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 85.0%.

Ellington Credit Stock Down 1.6%

NYSE:EARN opened at $5.20 on Wednesday. The firm’s fifty day simple moving average is $5.37 and its 200 day simple moving average is $5.44. The stock has a market cap of $195.12 million, a P/E ratio of 64.95 and a beta of 1.27. Ellington Credit has a twelve month low of $4.32 and a twelve month high of $6.60.

Ellington Credit (NYSE:EARN) last announced its quarterly earnings results on Wednesday, November 19th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Ellington Credit had a net margin of 12.41% and a return on equity of 16.47%. The company had revenue of $11.88 million for the quarter, compared to analysts’ expectations of $11.41 million. On average, analysts expect that Ellington Credit will post 1.17 EPS for the current fiscal year.

Ellington Credit Company Profile

Ellington Credit Income Fund (NYSE: EARN) is a closed-end management investment company that seeks to generate current income through a diversified portfolio of mortgage- and asset-backed securities. The fund primarily invests in residential mortgage-backed securities (RMBS) and asset-backed securities (ABS), with additional exposure to commercial mortgage-backed securities (CMBS) and related structured credit instruments. To enhance income and manage risk, the fund employs leverage and derivative strategies such as interest rate swaps and credit default swaps, allowing it to adjust duration and credit exposure dynamically.

The fund is externally managed and advised by Ellington Management Group, LLC, an established investment firm specializing in mortgage credit and structured products.