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

Posted by Clark Linder on Dec 7th, 2024

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

Ellington Financial has raised its dividend by an average of 12.7% per year over the last three years. Ellington Financial has a payout ratio of 96.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Price Performance

Shares of NYSE EFC traded up $0.11 during trading hours on Friday, reaching $12.27. 624,644 shares of the stock traded hands, compared to its average volume of 751,516. The company’s 50-day simple moving average is $12.41 and its two-hundred day simple moving average is $12.56. The company has a market capitalization of $1.11 billion, a P/E 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. The company has a quick ratio of 37.04, a current ratio of 37.04 and a debt-to-equity ratio of 10.87.

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

Insider Buying and Selling at Ellington Financial

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

About Ellington Financial

(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.