Ellington Financial Inc. (EFC) to Distribute Monthly Dividend of $0.13 on August 31st

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Wednesday, July 8th. Shareholders of record on Friday, July 31st will be given a dividend of 0.13 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Friday, July 31st.

Ellington Financial has increased its dividend 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 decline. Analysts expect Ellington Financial to earn $2.03 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 76.8%.

Ellington Financial Stock Performance

Ellington Financial stock opened at $13.55 on Wednesday. The company has a debt-to-equity ratio of 10.18, a current ratio of 42.65 and a quick ratio of 42.65. Ellington Financial has a 12 month low of $11.27 and a 12 month high of $14.12. The company has a fifty day moving average price of $13.53 and a two-hundred day moving average price of $13.04. The company has a market cap of $1.70 billion, a PE ratio of 8.17 and a beta of 0.93.

Ellington Financial (NYSE:EFC) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. Ellington Financial had a net margin of 72.08% and a return on equity of 15.81%. The company had revenue of $188.83 million for the quarter, compared to analysts’ expectations of $114.09 million. Research analysts expect that Ellington Financial will post 1.95 earnings per share for the current year.

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.