Ellington Credit Company (EARN) To Go Ex-Dividend on August 31st

Ellington Credit Company (NYSE:EARN) declared a monthly dividend on Monday, August 10th. Investors of record on Monday, August 31st will be given a dividend of 0.08 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 21.6%. The ex-dividend date of this dividend is Monday, August 31st.

Ellington Credit has decreased its dividend payment by an average of 0.0%annually over the last three years. Ellington Credit has a dividend payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Ellington Credit Price Performance

Ellington Credit stock opened at $4.44 on Friday. Ellington Credit has a 1-year low of $4.25 and a 1-year high of $5.82. The stock has a market cap of $166.86 million, a PE ratio of -4.53 and a beta of 1.28. The stock’s fifty day moving average is $4.40 and its two-hundred day moving average is $4.61.

Ellington Credit (NYSE:EARN) last announced its quarterly earnings results on Wednesday, August 12th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The business had revenue of $6.08 million during the quarter, compared to the consensus estimate of $10.57 million.

Ellington Credit Company Profile

Ellington Credit Income Fund (NYSE: EARN) is a closed-end management investment company that seeks to generate current income through a diversified portfolio of mortgage- and asset-backed securities. The fund primarily invests in residential mortgage-backed securities (RMBS) and asset-backed securities (ABS), with additional exposure to commercial mortgage-backed securities (CMBS) and related structured credit instruments. To enhance income and manage risk, the fund employs leverage and derivative strategies such as interest rate swaps and credit default swaps, allowing it to adjust duration and credit exposure dynamically.

The fund is externally managed and advised by Ellington Management Group, LLC, an established investment firm specializing in mortgage credit and structured products.