Ellington Financial Inc. (NYSE:EFC) Shares Set to Pay Monthly Dividend of $0.13

Ellington Financial Inc. (NYSE:EFC) announced a monthly dividend on Thursday, November 5th. Investors of record on Monday, November 30th will be paid a dividend of $0.13 per share by the financial services provider on Thursday, December 31st. This represents a $1.56 annualized dividend and a yield of 13.6%. The ex-dividend date is Monday, November 30th.

Ellington Financial has a 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 fall. 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 Stock Down 3.0%

Shares of Ellington Financial stock opened at $11.49 on Friday. 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 company has a 50-day moving average of $12.21 and a 200 day moving average of $12.85. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 6.92 and a beta of 1.01. Ellington Financial has a 1 year low of $11.27 and a 1 year high of $14.12.

Ellington Financial (NYSE:EFC) last released its earnings results on Wednesday, November 4th. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $117.72 million during the quarter, compared to the consensus estimate of $125.83 million. Ellington Financial had a return on equity of 16.12% and a net margin of 41.95%. As a group, sell-side analysts anticipate that Ellington Financial will post 2.13 earnings per share for the current fiscal year.

About Ellington Financial

Ellington Financial Inc is a real estate investment trust (REIT) that acquires, invests in and manages a portfolio of mortgage-related and other financial assets. The company focuses primarily on residential and commercial mortgage loans, mortgage-backed securities and related investments.

Its investment activities may include agency and non-agency residential mortgage-backed securities, commercial mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights and consumer loans.