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

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

Ellington Financial has increased 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. 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 Trading Up 1.5%

Shares of EFC stock opened at $13.59 on Wednesday. The company’s 50-day moving average price is $13.07 and its 200-day moving average price is $13.09. The company has a current ratio of 42.65, a quick ratio of 42.65 and a debt-to-equity ratio of 10.18. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 8.18 and a beta of 0.94. Ellington Financial has a twelve month low of $11.27 and a twelve month high of $14.12.

Ellington Financial (NYSE:EFC) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.13. The firm had revenue of $188.83 million for the quarter, compared to analysts’ expectations of $114.09 million. Ellington Financial had a net margin of 72.08% and a return on equity of 15.81%. As a group, equities analysts predict that Ellington Financial will post 1.95 earnings per share for the current year.

Ellington Financial Company Profile

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.