Ellington Financial Inc. (EFC) to Distribute Monthly Dividend of $0.13 on September 30th

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Monday, August 10th. Investors of record on Monday, August 31st will be paid a dividend of 0.13 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Monday, August 31st.

Ellington Financial has raised its dividend by an average of 0.0%annually over the last three years. Ellington Financial has a dividend 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 fall. 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 Price Performance

NYSE:EFC opened at $13.60 on Wednesday. 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 business’s 50-day moving average price is $13.50 and its 200 day moving average price is $13.01. Ellington Financial has a 52-week low of $11.27 and a 52-week high of $14.12. The firm has a market cap of $1.71 billion, a P/E ratio of 8.29 and a beta of 0.94.

Ellington Financial (NYSE:EFC) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.14. The company had revenue of $134.11 million during the quarter, compared to analyst estimates of $114.59 million. Ellington Financial had a net margin of 52.43% and a return on equity of 16.61%. As a group, sell-side analysts predict that Ellington Financial will post 2.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EFC. Sound Income Strategies LLC raised its holdings in shares of Ellington Financial by 267.4% during the first quarter. Sound Income Strategies LLC now owns 2,208 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,607 shares during the period. REAP Financial Group LLC acquired a new position in Ellington Financial in the 4th quarter worth approximately $36,000. Danske Bank A S acquired a new position in Ellington Financial in the 3rd quarter worth approximately $44,000. Huntington National Bank grew its position 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 worth $56,000 after purchasing an additional 1,078 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Ellington Financial by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,071 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 785 shares in the last quarter. 55.62% of the stock is currently owned by institutional investors and hedge funds.

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.