Ellington Financial Inc. (NYSE:EFC - Get Free Report) announced a monthly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Friday, August 29th will be paid a dividend of 0.13 per share by the financial services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Friday, August 29th.
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. Equities 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 Trading Up 0.5%
NYSE EFC traded up $0.07 during mid-day trading on Tuesday, reaching $13.23. 347,195 shares of the stock were exchanged, compared to its average volume of 1,043,167. Ellington Financial has a 1-year low of $11.12 and a 1-year high of $14.40. The business's fifty day simple moving average is $12.99 and its 200 day simple moving average is $12.91. The stock has a market capitalization of $1.25 billion, a PE ratio of 10.67 and a beta of 1.00. The company has a debt-to-equity ratio of 10.96, a quick ratio of 42.26 and a current ratio of 46.78.
Ellington Financial (NYSE:EFC - Get Free Report) last announced its earnings results on Thursday, August 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. Ellington Financial had a net margin of 89.52% and a return on equity of 13.56%. The firm had revenue of $92.54 million for the quarter, compared to analyst estimates of $112.48 million. On average, research analysts anticipate that Ellington Financial will post 1.38 earnings per share for the current fiscal year.
About Ellington Financial
(
Get Free Report)
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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