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

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Monday, August 10th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.13 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Monday, August 31st.

Ellington Financial has raised its dividend by an average of 0.0%annually over the last three years. Ellington Financial has a dividend 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 fall. Equities research analysts expect Ellington Financial to earn $2.06 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 75.7%.

Ellington Financial Trading Down 1.0%

Ellington Financial stock opened at $13.46 on Tuesday. The company has a debt-to-equity ratio of 10.39, a quick ratio of 42.65 and a current ratio of 52.06. Ellington Financial has a 52 week low of $11.27 and a 52 week high of $14.12. The stock has a 50-day simple moving average of $13.50 and a 200 day simple moving average of $13.02. The stock has a market capitalization of $1.69 billion, a P/E ratio of 8.21 and a beta of 0.94.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. Ellington Financial had a return on equity of 16.61% and a net margin of 52.43%.The business had revenue of $134.11 million for the quarter, compared to analysts’ expectations of $114.59 million. Analysts expect that Ellington Financial will post 1.95 earnings per share for the current year.

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.