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

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Thursday, January 8th. Stockholders of record on Friday, January 30th will be given a dividend of 0.13 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date is Friday, January 30th.

Ellington Financial has decreased its dividend by an average of 0.0%per year over the last three years. 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 decline. Research 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 Price Performance

Ellington Financial stock opened at $13.67 on Friday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 10.20 and a beta of 0.95. The company has a quick ratio of 50.60, a current ratio of 50.60 and a debt-to-equity ratio of 10.64. The business has a 50-day simple moving average of $13.68 and a 200 day simple moving average of $13.45. Ellington Financial has a 52 week low of $11.12 and a 52 week high of $14.40.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. The company had revenue of $242.08 million for the quarter, compared to analysts’ expectations of $121.99 million. Ellington Financial had a net margin of 89.04% and a return on equity of 14.55%. On average, research analysts forecast that Ellington Financial will post 1.38 earnings per share 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.