Welcome to our dedicated page for Ellington Credit Closed End Fund news (Ticker: EARN), a resource for investors and traders seeking the latest updates and insights on Ellington Credit Closed End Fund stock.
Ellington Credit Company (EARN) operates as a non-diversified closed-end fund focused primarily on corporate collateralized loan obligations, or CLOs, with an emphasis on mezzanine debt and equity tranches. The fund is externally managed and advised by an affiliate of Ellington Management Group.
Company news commonly covers monthly common dividend declarations, quarterly financial results, net asset value updates, CLO portfolio activity, and capital-structure actions such as unsecured note offerings. Updates also include earnings-release schedules, conference calls, investor presentations, and commentary on CLO market conditions, credit spreads, liquidity management, and portfolio positioning.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, effective November 25, 2022. This dividend will be paid to shareholders on record as of October 31, 2022. The REIT specializes in managing residential mortgage-related assets, focusing on mortgage-backed securities guaranteed by U.S. government agencies. The announcement reflects the company's ongoing commitment to returning value to its shareholders.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, scheduled for payment on October 25, 2022 to shareholders of record as of September 30, 2022. This announcement reinforces the company's commitment to returning value to its shareholders. However, investors are cautioned that dividend payments may fluctuate due to market conditions, including interest rate changes and other economic factors.
Ellington Residential Mortgage REIT (NYSE: EARN) reported a net loss of $(10.7) million for Q2 2022, translating to $(0.82) per share. However, its adjusted distributable earnings were $3.7 million, or $0.28 per share, covering the quarterly dividend of $0.08 per share. Despite market challenges, the company maintained a net interest margin of 1.66% and a book value of $9.07 per share. The debt-to-equity ratio stood at 8.0:1. Following a quarter of significant declines in Agency RMBS prices, the CEO emphasized the potential for Agency RMBS amidst rising yields and low prepayment risks.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, set to be paid on September 26, 2022, for shareholders on record as of August 31, 2022. This announcement reaffirms the company's commitment to returning value to shareholders amidst fluctuating market conditions and evolving economic factors.
Ellington Residential Mortgage REIT (NYSE: EARN) is set to release its financial results for Q2 2022 after market close on August 10, 2022. A conference call to discuss these results will occur on August 11, 2022, at 11:00 a.m. ET. To participate, dial (800) 343-4849 or (203) 518-9856 internationally. An investor presentation will also be available on the company’s website post-results. EARN specializes in managing residential mortgage-related assets and is externally advised by Ellington Residential Mortgage Management LLC.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, payable on August 25, 2022, to shareholders on record as of July 29, 2022. This announcement signifies the company’s ongoing commitment to returning value to its shareholders. The firm specializes in managing residential mortgage-related assets, primarily focusing on mortgage-backed securities.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, set to be paid on July 25, 2022 to shareholders of record by June 30, 2022. This move indicates the company's commitment to delivering consistent returns to its investors amidst fluctuating market conditions. The announcement aligns with EARN's operations in managing residential mortgage-backed securities, which are guaranteed by U.S. government agencies.
Ellington Residential Mortgage REIT (NYSE: EARN) reported a net loss of $(17.5) million or $(1.33) per share for Q1 2022, despite core earnings of $3.9 million, equating to $0.30 per share. The company’s book value stood at $10.14 per share and a dividend yield of 10.9% was noted. The first quarter faced significant volatility from rising interest rates and geopolitical issues, leading to substantial mark-to-market losses. Adjustments made for dividend yield aim at a 10% yield on book value. The company maintains a debt-to-equity ratio of 9.1:1 and cash liquidity of $29.9 million.
Ellington Residential Mortgage REIT (NYSE: EARN) declared a monthly common dividend of $0.08 per share, payable on June 27, 2022 to shareholders of record as of May 31, 2022.
The company focuses on acquiring and managing residential mortgage-backed securities, particularly those guaranteed by U.S. government agencies. It is externally managed by Ellington Residential Mortgage Management LLC.
Ellington Residential Mortgage REIT (NYSE: EARN) will release its financial results for Q1 2022 on May 2, 2022, after market close. A conference call to discuss these results is scheduled for May 3, 2022, at 11:00 a.m. ET. Investors can participate via telephone or listen to a live webcast on the Company's website. A replay of the call will be available from May 3 to May 10, 2022. Additionally, an investor presentation will be posted on the site after the earnings release.