Ellington Financial Inc (NYSE:EFC) to Issue Monthly Dividend of $0.14

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Ellington Financial Inc (NYSE:EFC) declared a monthly dividend on Monday, October 7th, Zacks reports. Investors of record on Thursday, October 31st will be given a dividend of 0.14 per share by the financial services provider on Monday, November 25th. This represents a $1.68 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date is Wednesday, October 30th.

NYSE EFC opened at $18.44 on Tuesday. The company has a market capitalization of $620.03 million, a PE ratio of 13.08 and a beta of 0.39. The company has a fifty day moving average of $18.04 and a 200 day moving average of $17.92. Ellington Financial has a 1 year low of $14.69 and a 1 year high of $18.50. The company has a debt-to-equity ratio of 4.01, a current ratio of 43.66 and a quick ratio of 43.66.

Ellington Financial (NYSE:EFC) last posted its earnings results on Monday, August 5th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $38.55 million during the quarter, compared to the consensus estimate of $37.46 million. Ellington Financial had a net margin of 21.99% and a return on equity of 8.70%. Research analysts expect that Ellington Financial will post 1.78 earnings per share for the current year.

EFC has been the subject of a number of research reports. Maxim Group restated a “buy” rating and set a $20.00 target price on shares of Ellington Financial in a research report on Wednesday, October 9th. Nomura started coverage on shares of Ellington Financial in a report on Friday, September 27th. They issued a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research raised shares of Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Thursday, October 24th. Finally, ValuEngine cut shares of Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.75.

About Ellington Financial

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.

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Dividend History for Ellington Financial (NYSE:EFC)

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