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Ellington Credit Company - $EARN STOCK NEWS

Welcome to our dedicated page for Ellington Credit Company news (Ticker: $EARN), a resource for investors and traders seeking the latest updates and insights on Ellington Credit Company stock.

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 Credit Company'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.

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Rhea-AI Summary
Ellington Residential Mortgage REIT (NYSE: EARN) declares a monthly common dividend of $0.08 per share
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Rhea-AI Summary
Ellington Residential Mortgage REIT (NYSE: EARN) declares a monthly common dividend of $0.08 per share, payable on January 25, 2024, to shareholders of record as of December 29, 2023.
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End-of-Day
0.16%
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dividends
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Rhea-AI Summary
Ellington Residential Mortgage REIT (EARN) reported Q3 2023 financial results, including a net income loss of $(11.4) million, Adjusted Distributable Earnings of $3.2 million, and a book value of $7.02 per share. The company's net interest margin was 1.24%, with a dividend yield of 17.1%. EARN's CEO commented on the challenges faced due to rising interest rates and volatility. Despite net losses, the company believes that yield spread widening is recoverable and has identified investment opportunities in the corporate CLO space. The company's portfolio turnover increased, and it plans to diversify into non-Agency RMBS and corporate CLOs.
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-0.18%
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Ellington Residential Mortgage REIT (EARN) Declares $0.08 Monthly Dividend, Payable on December 26, 2023
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End-of-Day
-0.52%
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Rhea-AI Summary
Ellington Residential Mortgage REIT (NYSE: EARN) will release its financial results for the quarter ended September 30, 2023 on November 13, 2023. The company will host a conference call at 11:00 a.m. Eastern Time to discuss the results. The call can be accessed via telephone or webcast. A replay of the call will be available, and an investor presentation will be posted on the company's website.
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End-of-Day
2.13%
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Rhea-AI Summary
Ellington Residential Mortgage REIT declares monthly dividend of $0.08 per share.
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End-of-Day
0.69%
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dividends
Rhea-AI Summary
Ellington Residential Mortgage REIT (NYSE: EARN) declares monthly common dividend of $0.08 per share, payable on October 25, 2023 to shareholders of record as of September 29, 2023.
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3.21%
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-2%
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1.28%
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dividends
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1.07%
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Ellington Credit Company

NYSE:EARN

EARN Rankings

EARN Stock Data

136.56M
19.42M
2.01%
20.51%
1.58%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
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.