Ellington Financial Inc. (EFC) To Go Ex-Dividend on September 30th

Ellington Financial Inc. (NYSE:EFC) announced a monthly dividend on Tuesday, September 8th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.13 per share by the financial services provider on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

Ellington Financial has increased its dividend payment by an average of 0.0%per year over the last three years. Ellington Financial has a 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. Equities research 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 Trading Down 0.7%

NYSE:EFC opened at $13.29 on Thursday. The company has a current ratio of 52.06, a quick ratio of 52.06 and a debt-to-equity ratio of 10.39. Ellington Financial has a 12 month low of $11.27 and a 12 month high of $14.12. The firm has a fifty day simple moving average of $13.49 and a 200-day simple moving average of $13.08. The company has a market capitalization of $1.71 billion, a P/E ratio of 8.10 and a beta of 0.94.

Ellington Financial (NYSE:EFC) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.14. Ellington Financial had a net margin of 52.43% and a return on equity of 16.61%. The business had revenue of $134.11 million for the quarter, compared to analyst estimates of $114.59 million. On average, equities research analysts anticipate that Ellington Financial will post 2.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EFC. UBS Group raised their price objective on Ellington Financial from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Zacks Research cut shares of Ellington Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ellington Financial in a report on Tuesday, August 11th. Finally, BTIG Research cut Ellington Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, Ellington Financial currently has a consensus rating of “Hold” and a consensus price target of $14.50.

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.