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

Ellington Financial Inc. (NYSE:EFC) announced a monthly dividend on Wednesday, October 7th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.13 per share by the financial services provider on Monday, November 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Friday, October 30th.

Ellington Financial has increased its dividend payment 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 tumble. Equities analysts expect Ellington Financial to earn $2.09 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 74.6%.

Ellington Financial Stock Performance

EFC stock traded down $0.06 during trading hours on Wednesday, reaching $11.61. The stock had a trading volume of 2,042,497 shares, compared to its average volume of 1,596,483. The stock has a market capitalization of $1.50 billion, a PE ratio of 7.08 and a beta of 0.97. The company has a debt-to-equity ratio of 10.39, a current ratio of 52.06 and a quick ratio of 52.06. The stock has a 50-day simple moving average of $13.04 and a 200 day simple moving average of $13.10. 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 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. The business had revenue of $134.11 million for the quarter, compared to analysts’ expectations of $114.59 million. Ellington Financial had a return on equity of 16.61% and a net margin of 52.43%. Analysts predict that Ellington Financial will post 2.13 EPS for the current fiscal year.

Ellington Financial Company Profile

Ellington Financial Inc (NYSE:EFC) is a real estate investment trust that invests in a range of mortgage-related and other financial assets. Its portfolio includes residential and commercial mortgage loans, mortgage-backed securities, consumer loans and other credit-related investments.

The company focuses primarily on assets tied to the U.S. housing and real estate markets. Its investment activities may include acquiring, financing and managing residential mortgage loans, including non-agency and other specialized mortgage assets, as well as commercial mortgage investments and mortgage-backed securities.