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

Ellington Financial Inc. (NYSE:EFC) declared a monthly dividend on Thursday, May 7th. Shareholders 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) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Friday, May 29th.

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 tumble. Equities research 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

EFC opened at $13.59 on Wednesday. The firm has a market cap of $1.70 billion, a P/E ratio of 8.19 and a beta of 0.94. Ellington Financial has a 1-year low of $11.27 and a 1-year high of $14.12. The company has a 50 day simple moving average of $12.71 and a two-hundred day simple moving average of $13.10. 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 (NYSE:EFC) last posted its quarterly 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. The business had revenue of $188.83 million during the quarter, compared to analyst estimates of $114.09 million. Ellington Financial had a net margin of 72.08% and a return on equity of 15.81%. Equities analysts forecast that Ellington Financial will post 1.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ellington Financial

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in Ellington Financial by 234.3% during the first quarter. Bank of America Corp DE now owns 537,199 shares of the financial services provider’s stock valued at $6,366,000 after purchasing an additional 376,528 shares in the last quarter. California State Teachers Retirement System raised its stake in Ellington Financial by 92.5% during the first quarter. California State Teachers Retirement System now owns 154,243 shares of the financial services provider’s stock valued at $1,828,000 after purchasing an additional 74,135 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Ellington Financial by 13.1% during the first quarter. The Manufacturers Life Insurance Company now owns 49,915 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 5,788 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Ellington Financial during the first quarter valued at $1,284,000. Finally, Lido Advisors LLC raised its stake in Ellington Financial by 3.1% during the first quarter. Lido Advisors LLC now owns 70,904 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 2,134 shares in the last quarter. Hedge funds and other institutional investors own 55.62% of the company’s stock.

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.