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

Key Points

• Ellington Financial declared a $0.13-per-share monthly dividend, payable October 30 to shareholders of record on September 30. The dividend implies an annualized payout of $1.56 and an approximately 11.7% yield.
• The dividend has a current payout ratio of 91.2%, but analysts expect earnings of $2.09 per share next year, potentially lowering the forward payout ratio to 74.6%.
• Ellington Financial exceeded quarterly earnings expectations, reporting $0.60 per share versus the $0.46 consensus, while revenue of $134.11 million also surpassed estimates.

Ellington Financial Inc. (NYSE:EFC - Get Free Report) announced a monthly dividend on Tuesday, September 8th. Stockholders 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 dividend yield of 11.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

Ellington Financial has raised 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 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 Down 0.6%

EFC opened at $13.39 on Wednesday. The business's fifty day simple moving average is $13.49 and its 200 day simple moving average is $13.08. Ellington Financial has a 52 week low of $11.27 and a 52 week high of $14.12. The company has a quick ratio of 52.06, a current ratio of 52.06 and a debt-to-equity ratio of 10.39. The stock has a market cap of $1.73 billion, a PE ratio of 8.16 and a beta of 0.94.

Ellington Financial (NYSE:EFC - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.14. The firm had revenue of $134.11 million during 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%. As a group, research analysts expect that Ellington Financial will post 2.13 earnings per share for the current fiscal year.

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.

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