Ellington Financial Inc. to Issue Monthly Dividend of $0.13 (NYSE:EFC)

Ellington Financial Inc. (NYSE:EFC) announced a monthly dividend on Monday, June 8th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.13 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Tuesday, June 30th.

Ellington Financial has raised its dividend payment by an average of 0.0%annually over the last three years. 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 tumble. Equities research analysts expect Ellington Financial to earn $2.03 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 76.8%.

Ellington Financial Stock Down 1.1%

EFC opened at $13.40 on Tuesday. The company has a debt-to-equity ratio of 10.18, a current ratio of 42.65 and a quick ratio of 42.65. The business has a 50 day simple moving average of $13.03 and a 200-day simple moving average of $13.09. The stock has a market capitalization of $1.68 billion, a P/E ratio of 8.07 and a beta of 0.94. Ellington Financial has a 12 month low of $11.27 and a 12 month high of $14.12.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.42 by $0.13. Ellington Financial had a return on equity of 15.81% and a net margin of 72.08%.The business had revenue of $188.83 million during the quarter, compared to analysts’ expectations of $114.09 million. On average, equities analysts anticipate that Ellington Financial will post 1.95 earnings per share for the current fiscal 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.