Ellington Credit Company Announces Monthly Dividend of $0.08 (NYSE:EARN)

Ellington Credit Company (NYSE:EARN) declared a monthly dividend on Tuesday, September 8th. Investors of record on Wednesday, September 30th will be given a dividend of 0.08 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a yield of 22.1%. The ex-dividend date is Wednesday, September 30th.

Ellington Credit has decreased its dividend by an average of 0.0%per year over the last three years. Ellington Credit has a dividend 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 fall.

Ellington Credit Stock Performance

NYSE EARN opened at $4.34 on Wednesday. Ellington Credit has a 52 week low of $4.25 and a 52 week high of $5.76. The stock has a market capitalization of $165.85 million, a P/E ratio of -4.43 and a beta of 1.28. The stock has a fifty day moving average of $4.39 and a 200-day moving average of $4.57.

Ellington Credit (NYSE:EARN) last issued its quarterly earnings results on Wednesday, August 12th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.05). The firm had revenue of $6.08 million for the quarter, compared to the consensus estimate of $10.57 million.

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.