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

Posted by Karen Miller on Dec 8th, 2024

Ellington Financial Inc. (NYSE:EFC – Get Free Report) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.13 per share by the financial services provider on Monday, January 27th. This represents a $1.56 annualized dividend and a yield of 12.71%. The ex-dividend date is Tuesday, December 31st.

Ellington Financial has raised its dividend payment by an average of 12.7% annually over the last three years. Ellington Financial has a payout ratio of 96.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Trading Up 0.9 %

Shares of EFC traded up $0.11 during mid-day trading on Friday, reaching $12.27. 624,644 shares of the company were exchanged, compared to its average volume of 751,516. The business has a 50 day simple moving average of $12.41 and a two-hundred day simple moving average of $12.56. The company has a debt-to-equity ratio of 10.87, a quick ratio of 37.04 and a current ratio of 37.04. The stock has a market capitalization of $1.11 billion, a PE ratio of 9.37 and a beta of 1.97. Ellington Financial has a 52 week low of $10.88 and a 52 week high of $13.46.

Ellington Financial (NYSE:EFC – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. The company had revenue of $33.63 million during the quarter, compared to analysts’ expectations of $37.95 million. During the same period in the prior year, the company posted $0.33 earnings per share. On average, analysts predict that Ellington Financial will post 1.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Ellington Financial

In other Ellington Financial news, CIO Michael W. Vranos sold 14,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $12.48, for a total transaction of $174,720.00. Following the completion of the transaction, the executive now owns 168,359 shares in the company, valued at $2,101,120.32. This trade represents a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.40% of the company’s stock.

Ellington Financial Company Profile

(Get Free Report)

Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S.