Ellington Financial Inc. (EFC) to Issue Monthly Dividend of $0.13 on August 31st

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Wednesday, July 8th. Stockholders of record on Friday, July 31st will be given a dividend of 0.13 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Friday, July 31st.

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 Price Performance

Shares of NYSE:EFC opened at $13.55 on Friday. The company has a debt-to-equity ratio of 10.18, a quick ratio of 42.65 and a current ratio of 42.65. The business has a 50-day simple moving average of $13.50 and a two-hundred day simple moving average of $13.06. Ellington Financial has a fifty-two week low of $11.27 and a fifty-two week high of $14.12. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 8.16 and a beta of 0.93.

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

Hedge Funds Weigh In On Ellington Financial

Several hedge funds have recently modified their holdings of EFC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Ellington Financial by 15.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,803 shares of the financial services provider’s stock valued at $2,384,000 after acquiring an additional 23,553 shares in the last quarter. Creative Planning bought a new position in shares of Ellington Financial during the 2nd quarter valued at about $176,000. Franklin Resources Inc. bought a new position in shares of Ellington Financial during the 2nd quarter valued at about $166,000. New York State Common Retirement Fund grew its position in shares of Ellington Financial by 16.6% during the second quarter. New York State Common Retirement Fund now owns 27,434 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Ellington Financial in the second quarter worth about $138,000. Hedge funds and other institutional investors own 55.62% of the company’s stock.

About Ellington Financial

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.