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

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Monday, March 9th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.13 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Tuesday, March 31st.

Ellington Financial has raised its dividend 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. Equities research analysts expect Ellington Financial to earn $1.67 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 93.4%.

Ellington Financial Stock Performance

Shares of EFC stock opened at $11.84 on Tuesday. The business’s 50-day moving average price is $13.11 and its 200-day moving average price is $13.41. Ellington Financial has a 12 month low of $11.12 and a 12 month high of $14.12. The company has a current ratio of 47.25, a quick ratio of 47.25 and a debt-to-equity ratio of 11.02. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 9.62 and a beta of 0.95.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.03. Ellington Financial had a net margin of 53.10% and a return on equity of 14.62%. The firm had revenue of $96.44 million during the quarter, compared to analyst estimates of $132.07 million. Equities research analysts forecast that Ellington Financial will post 1.38 EPS for the current year.

Ellington Financial Company Profile

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.