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Ellington Residential Mortgage REIT - EARN STOCK NEWS

Welcome to our dedicated news page for Ellington Residential Mortgage REIT (Ticker: EARN), a resource for investors and traders seeking the latest updates and insights on Ellington Residential Mortgage REIT.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ellington Residential Mortgage REIT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ellington Residential Mortgage REIT's position in the market.

News
Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-Corp
Rhea-AI Summary
Ellington Credit adopts Tax Asset Preservation Plan to safeguard shareholder value by protecting net operating losses while operating as a C-Corp. The plan aims to prevent significant ownership changes that could limit the company's ability to utilize its NOLs effectively.
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News
Ellington Residential Rebrands as Ellington Credit Company
Rhea-AI Summary
Ellington Residential Mortgage REIT (NYSE: EARN) has rebranded as Ellington Credit Company to focus on corporate collateralized loan obligations (CLOs). The strategic transformation includes changing the company name, updating web address, and leveraging Ellington's successful record in investing in CLOs. The name change will be effective on April 29, 2024, with no impact on shareholders' rights.
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Ellington Residential Declares Monthly Common Dividend
Rhea-AI Summary
Ellington Residential (EARN) declares a $0.08 per share monthly dividend for May 2024, emphasizing shareholder value. The dividend is payable on May 28, 2024, to shareholders of record as of April 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
dividends
News
Ellington Residential Announces Strategic Transformation
Rhea-AI Summary
Ellington Residential Mortgage REIT (EARN) announces a strategic transformation to focus on corporate collateralized loan obligations (CLOs) to enhance earnings and reduce volatility. The company plans to convert to a closed-end fund/RIC, revoking its REIT election for tax year 2024. The name will change to Ellington Credit while retaining the ticker symbol EARN.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
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Ellington Residential Declares Monthly Common Dividend
Rhea-AI Summary
Ellington Residential Mortgage REIT (EARN) declares a monthly dividend of $0.08 per share, payable on April 25, 2024. Shareholders of record as of March 29, 2024, will receive the dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
dividends
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News
Ellington Residential Mortgage REIT Reports Fourth Quarter 2023 Results
Rhea-AI Summary
Ellington Residential Mortgage REIT (EARN) reported strong financial results for Q4 2023 with net income of $12.4 million, Adjusted Distributable Earnings of $4.6 million, book value of $7.32 per share, and a dividend yield of 16.0%. The company's CLO portfolio grew to $17.4 million, and it maintained a debt-to-equity ratio of 5.4:1. EARN's CEO highlighted the market performance, portfolio growth, and future investment opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
Tags
earnings
News
Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2023 Earnings, Conference Call, and Investor Presentation
Rhea-AI Summary
Ellington Residential Mortgage REIT (EARN) will release financial results for Q4 2023 on March 6, 2024, followed by a conference call on March 7, 2024. Investors can participate via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
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earnings
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News
Ellington Residential Declares Monthly Common Dividend
Rhea-AI Summary
Ellington Residential Mortgage REIT (EARN) declares a monthly common dividend of $0.08 per share, payable on March 25, 2024, to shareholders of record as of February 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.88%
Tags
dividends
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News
Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2023 Distributions
Rhea-AI Summary
Ellington Residential Mortgage REIT (EARN) has announced the posting of information about the federal income tax treatment of distributions paid in 2023 on its common shares on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
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News
Ellington Residential Declares Monthly Common Dividend
Rhea-AI Summary
Ellington Residential Mortgage REIT (NYSE: EARN) declares a monthly common dividend of $0.08 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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dividends
Stock EARN logo
Ellington Residential Mortgage REIT

NYSE:EARN

EARN Rankings

#4043 Ranked by Market Cap
#3454 Ranked by Stock Gains
#37 Ranked by Dividends

EARN Stock Data

131.01M
19.42M
2.01%
20.51%
1.58%
Other Financial Vehicles
Finance and Insurance
Link
US
Old Greenwich

About EARN

ellington residential mortgage reit, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. it acquires and manages residential mortgage-backed securities (rmbs), including agency pools and agency collateralized mortgage obligations (cmos); and non-agency rmbs comprising non-agency cmos, such as investment grade and non-investment grade. the company has elected to be taxed as a real estate investment trust. as a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. ellington residential mortgage reit was founded in 2012 and is based in old greenwich, connecticut.