Ellington Financial Inc. (EFC) To Go Ex-Dividend on November 28th

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Monday, November 10th. Shareholders of record on Friday, November 28th will be paid a dividend of 0.13 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Friday, November 28th.

Ellington Financial has decreased its dividend by an average of 0.0%per year 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 tumble. Equities research analysts expect Ellington Financial to earn $1.67 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 93.4%.

Ellington Financial Trading Up 5.0%

Shares of EFC stock opened at $13.95 on Wednesday. The company has a debt-to-equity ratio of 10.96, a current ratio of 46.78 and a quick ratio of 46.78. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 11.25 and a beta of 1.01. Ellington Financial has a 1 year low of $11.12 and a 1 year high of $14.40. The firm has a fifty day moving average price of $13.42 and a 200-day moving average price of $13.21.

Ellington Financial (NYSE:EFC) last released its earnings results on Wednesday, November 5th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. Ellington Financial had a return on equity of 13.56% and a net margin of 89.52%.The company had revenue of $242.08 million for the quarter, compared to the consensus estimate of $121.99 million. As a group, equities analysts predict that Ellington Financial will post 1.38 earnings per share for the current year.

About Ellington Financial

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.