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

Ellington Financial Inc. (NYSE:EFC) announced a monthly dividend on Monday, June 8th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.13 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Ellington Financial has increased its dividend 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 decline. 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 Stock Performance

NYSE:EFC opened at $13.58 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 stock has a market capitalization of $1.70 billion, a P/E ratio of 8.18 and a beta of 0.94. The company has a 50 day moving average price of $13.41 and a 200 day moving average price of $13.08. Ellington Financial has a fifty-two week low of $11.27 and a fifty-two week high of $14.12.

Ellington Financial (NYSE:EFC) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. The company had revenue of $188.83 million for the quarter, compared to analysts’ expectations of $114.09 million. Ellington Financial had a return on equity of 15.81% and a net margin of 72.08%. Equities research analysts forecast that Ellington Financial will post 1.95 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EFC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Ellington Financial by 15.1% in the 1st 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 purchasing an additional 23,553 shares in the last quarter. Creative Planning acquired a new position in shares of Ellington Financial during the second quarter worth $176,000. Franklin Resources Inc. acquired a new position in shares of Ellington Financial during the second quarter worth $166,000. New York State Common Retirement Fund increased its holdings in Ellington Financial by 16.6% in 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 buying an additional 3,900 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Ellington Financial in the second quarter valued at $138,000. Institutional investors and hedge funds 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.