Ellington Financial Inc. (NYSE:EFC) to Issue $0.13 Monthly Dividend

Ellington Financial Inc. (NYSE:EFC) announced a monthly dividend on Monday, August 10th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.13 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Monday, August 31st.

Ellington Financial has raised its dividend by an average of 0.0%per year 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 fall. Research analysts expect Ellington Financial to earn $2.06 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 75.7%.

Ellington Financial Price Performance

NYSE:EFC traded down $0.14 during mid-day trading on Monday, reaching $13.46. 1,346,909 shares of the company were exchanged, compared to its average volume of 1,661,065. The company has a quick ratio of 42.65, a current ratio of 52.06 and a debt-to-equity ratio of 10.39. The stock has a market cap of $1.69 billion, a PE ratio of 8.21 and a beta of 0.94. Ellington Financial has a 12 month low of $11.27 and a 12 month high of $14.12. The company has a fifty day moving average of $13.50 and a 200 day moving average of $13.02.

Ellington Financial (NYSE:EFC) last announced its earnings results on Thursday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. Ellington Financial had a net margin of 52.43% and a return on equity of 16.61%. The company had revenue of $134.11 million during the quarter, compared to the consensus estimate of $114.59 million. On average, research analysts anticipate that Ellington Financial will post 1.95 EPS for the current fiscal 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.