Ellington Credit Company (EARN) To Go Ex-Dividend on December 31st

Ellington Credit Company (NYSE:EARN) announced a monthly dividend on Thursday, December 4th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.08 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 18.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Ellington Credit has decreased its dividend payment by an average of 0.0%annually 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 tumble. 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 Trading Up 0.5%

Shares of Ellington Credit stock opened at $5.31 on Monday. The company has a market cap of $199.26 million, a P/E ratio of 66.32 and a beta of 1.30. The business has a 50-day moving average price of $5.26 and a two-hundred day moving average price of $5.53. Ellington Credit has a 1-year low of $4.32 and a 1-year high of $6.86.

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

About Ellington Credit

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.