Ellington Financial Inc. (NYSE:EFC) Announces $0.13 Monthly Dividend

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Thursday, May 7th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.13 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Friday, May 29th.

Ellington Financial has raised 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Ellington Financial to earn $1.94 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 80.4%.

Ellington Financial Trading Up 0.2%

Ellington Financial stock opened at $13.60 on Friday. The company has a debt-to-equity ratio of 10.18, a current ratio of 41.03 and a quick ratio of 47.25. Ellington Financial has a one year low of $11.27 and a one year high of $14.12. The stock has a market capitalization of $1.69 billion, a PE ratio of 8.19 and a beta of 0.94. The business’s fifty day moving average is $12.37 and its 200 day moving average is $13.10.

Ellington Financial (NYSE:EFC) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. The business had revenue of $171.83 million during the quarter, compared to analyst estimates of $114.09 million. Ellington Financial had a return on equity of 15.81% and a net margin of 72.08%. On average, sell-side analysts predict that Ellington Financial will post 1.87 EPS 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.