Ellington Financial Inc. Declares Oct 25 Dividend of $0.13 (NYSE:EFC)

Key Points

• Ellington Financial Inc. has declared a dividend of $0.13 per share, which is scheduled for payment on November 28 to investors of record as of October 31.
• The company has a dividend payout ratio of 91.2%, indicating that its current dividend is covered by earnings, with forecasted earnings suggesting coverage in the near future.
• Ellington Financial's stock traded at $13.44 recently, with a 1-year range between $11.12 and $14.40, reflecting overall solid performance in the market.

Ellington Financial Inc. (NYSE:EFC - Get Free Report) announced a oct 25 dividend on Tuesday, October 7th, RTT News reports. Investors of record on Friday, October 31st will be given a dividend of 0.13 per share by the financial services provider on Friday, November 28th.

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. Analysts expect Ellington Financial to earn $1.67 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 93.4%.

Ellington Financial Stock Performance

NYSE:EFC traded up $0.16 during trading hours on Tuesday, reaching $13.44. 1,458,502 shares of the company's stock were exchanged, compared to its average volume of 1,134,069. Ellington Financial has a 1-year low of $11.12 and a 1-year high of $14.40. The company has a quick ratio of 46.78, a current ratio of 46.78 and a debt-to-equity ratio of 10.96. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.83 and a beta of 1.00. The company has a 50-day moving average of $13.36 and a 200 day moving average of $13.02.

Ellington Financial (NYSE:EFC - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. The business had revenue of $92.54 million during the quarter, compared to the consensus estimate of $112.48 million. Ellington Financial had a net margin of 89.52% and a return on equity of 13.56%. Research analysts anticipate that Ellington Financial will post 1.38 EPS for the current year.

About Ellington Financial

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.

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