Ellington Financial Inc. (NYSE:EFC) to Issue $0.13 Sep 25 Dividend

Ellington Financial Inc. (NYSE:EFC) declared a sep 25 dividend on Monday, September 8th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.13 per share by the financial services provider on Friday, October 31st.

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. 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 Down 1.0%

NYSE:EFC opened at $13.69 on Tuesday. The firm has a market cap of $1.37 billion, a PE ratio of 11.04 and a beta of 1.00. The stock has a fifty day moving average price of $13.34 and a 200 day moving average price of $13.05. Ellington Financial has a 12-month low of $11.12 and a 12-month high of $14.40. The company has a current ratio of 46.78, a quick ratio of 46.78 and a debt-to-equity ratio of 10.96.

Ellington Financial (NYSE:EFC) last released its earnings results on Thursday, August 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $92.54 million during the quarter, compared to analyst estimates of $112.48 million. Ellington Financial had a return on equity of 13.56% and a net margin of 89.52%. Sell-side analysts anticipate that Ellington Financial will post 1.38 earnings per share for the current fiscal 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.