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

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Thursday, May 7th. Stockholders of record on Friday, May 29th will be given a dividend of 0.13 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Friday, May 29th.

Ellington Financial has raised 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% indicating that 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 $1.94 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 80.4%.

Ellington Financial Stock Up 0.2%

NYSE:EFC opened at $13.60 on Friday. The firm has a market capitalization of $1.69 billion, a PE ratio of 8.19 and a beta of 0.94. The stock has a 50 day moving average of $12.37 and a 200-day moving average of $13.10. Ellington Financial has a 52 week low of $11.27 and a 52 week high of $14.12. The company has a current ratio of 41.03, a quick ratio of 47.25 and a debt-to-equity ratio of 10.18.

Ellington Financial (NYSE:EFC) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.42 by $0.13. The company had revenue of $171.83 million during the quarter, compared to analyst estimates of $114.09 million. Ellington Financial had a return on equity of 15.81% and a net margin of 72.08%. Analysts predict that Ellington Financial will post 1.87 EPS for the current year.

Hedge Funds Weigh In On Ellington Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dana Investment Advisors Inc. bought a new position in Ellington Financial in the 3rd quarter worth approximately $4,997,000. Vanguard Group Inc. grew its holdings in Ellington Financial by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,653,590 shares of the financial services provider’s stock worth $86,364,000 after buying an additional 449,074 shares in the last quarter. Artemis Investment Management LLP bought a new position in Ellington Financial in the 4th quarter worth approximately $2,654,000. TrueMark Investments LLC bought a new position in Ellington Financial in the 4th quarter worth approximately $840,000. Finally, M&T Bank Corp grew its holdings in Ellington Financial by 453.1% in the 4th quarter. M&T Bank Corp now owns 67,899 shares of the financial services provider’s stock worth $922,000 after buying an additional 55,622 shares in the last quarter. 55.62% of the stock is owned by institutional investors.

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.