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

Ellington Financial Inc. (NYSE:EFC) announced a monthly dividend on Tuesday, September 8th. Shareholders 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) dividend on an annualized basis and a 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%annually over the last three years. Ellington Financial has a 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 $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%.

Ellington Financial Trading Down 0.6%

Shares of Ellington Financial stock opened at $13.39 on Wednesday. Ellington Financial has a 1-year low of $11.27 and a 1-year high of $14.12. The company’s fifty day simple moving average is $13.49 and its 200-day simple moving average is $13.08. The company has a debt-to-equity ratio of 10.39, a current ratio of 52.06 and a quick ratio of 52.06. The stock has a market capitalization of $1.73 billion, a PE ratio of 8.16 and a beta of 0.94.

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