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

Key Points

• Ellington Financial declared a monthly dividend of $0.13 per share, payable September 30 to shareholders of record August 31. The annualized dividend implies an approximately 11.6% yield.
• The dividend is currently supported by earnings, with a 91.2% payout ratio; analysts expect next year’s earnings to reduce the projected payout ratio to 75.7%.
• Ellington Financial’s latest quarterly results exceeded expectations, reporting $0.60 in EPS versus the $0.46 consensus and revenue of $134.11 million versus $114.59 million expected. Shares fell 1.0% to $13.46 in Monday trading.

Ellington Financial Inc. (NYSE:EFC - Get Free Report) announced a monthly dividend on Monday, August 10th. Shareholders of record on Monday, August 31st will be given 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 increased its dividend payment by an average of 0.0%annually 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 tumble. 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 Stock Down 1.0%

EFC stock traded down $0.14 during trading hours on Monday, hitting $13.46. The company's stock had a trading volume of 1,346,909 shares, 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 company has a market capitalization 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 stock has a 50 day moving average price of $13.50 and a two-hundred day moving average price of $13.02.

Ellington Financial (NYSE:EFC - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, beating 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 business had revenue of $134.11 million for the quarter, compared to the consensus estimate of $114.59 million. On average, equities research analysts expect that Ellington Financial will post 1.95 earnings per share for the current year.

Institutional Trading of Ellington Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFC. GAMMA Investing LLC raised its stake in shares of Ellington Financial by 18.3% in the second quarter. GAMMA Investing LLC now owns 5,071 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 785 shares during the last quarter. Motiv8 Investments LLC grew its position in Ellington Financial by 7.9% during the 4th quarter. Motiv8 Investments LLC now owns 13,664 shares of the financial services provider's stock worth $186,000 after acquiring an additional 1,002 shares during the last quarter. MGO One Seven LLC grew its position in Ellington Financial by 5.9% during the 4th quarter. MGO One Seven LLC now owns 18,147 shares of the financial services provider's stock worth $246,000 after acquiring an additional 1,010 shares during the last quarter. Huntington National Bank increased its holdings in Ellington Financial by 35.3% during the 4th quarter. Huntington National Bank now owns 4,136 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Ellington Financial by 4.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,568 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 1,128 shares in the last quarter. Institutional investors and hedge funds own 55.62% of the company's stock.

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.

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