Welcome to our dedicated page for Ellington Residential Mortgage REIT news (Ticker: EARN), a resource for investors and traders seeking the latest updates and insights on Ellington Residential Mortgage REIT stock.
Ellington Residential Mortgage REIT (EARN) provides investors with critical updates through this dedicated news hub. Track official announcements regarding residential mortgage-backed securities investments, portfolio management strategies, and quarterly performance reports.
Access press releases covering agency/non-agency RMBS acquisitions, risk management innovations, and strategic partnerships. Our curated feed includes earnings disclosures, dividend announcements, and operational updates essential for assessing this REIT's market position.
Bookmark this page for real-time updates on EARN's use of proprietary analytics in mortgage market navigation and tax-efficient REIT operations. Investors gain insights into liquidity management practices and credit risk mitigation strategies directly from primary sources.
Ellington Credit Company (NYSE: EARN) has announced the postponement of its 2024 Annual Meeting of Shareholders, originally scheduled for September 26, 2024. The postponement aims to provide additional materials related to the definitive proxy statement filed on August 16, 2024, and allow more time for proxy solicitation. The new date will be determined by the Board of Trustees and announced soon.
The record date remains August 6, 2024. Shareholders who have already voted don't need to take action unless they wish to change their vote. The Board strongly encourages shareholders to vote 'FOR' all proposals in the Proxy Statement. The Proxy Statement is available on the SEC's website, and shareholders are urged to read it and all relevant documents before making voting or investment decisions.
Ellington Credit Company (NYSE: EARN) has announced a monthly common dividend of $0.08 per share. The dividend is payable on October 25, 2024 to shareholders of record as of September 30, 2024. This declaration by the Board of Trustees demonstrates the company's commitment to providing regular returns to its shareholders. The consistent dividend payout may be viewed positively by income-focused investors, potentially supporting the stock's appeal in the market.
Ellington Credit Company (NYSE: EARN) reported its Q2 2024 results, highlighting key financial metrics and strategic updates. The company recorded a net loss of $(0.8) million or $(0.04) per share but achieved adjusted distributable earnings of $7.3 million or $0.36 per share. Book value per share stood at $6.91, reflecting dividends of $0.24 per share.
The CLO portfolio nearly doubled to $85.1 million in Q2 2024 from $45.1 million in Q1, while capital allocation to corporate CLOs increased to 45% from 25%. The dividend yield was 14.1% based on the August 9, 2024 stock price of $6.81, with a monthly dividend of $0.08 per share.
The strategic transformation involves focusing on corporate CLOs, revoking REIT status, and rebranding as Ellington Credit Company. The company plans to convert to a closed-end fund/RIC, subject to shareholder approval. Despite some underperformance in the CLO equity sector, the overall net interest margin increased to 4.24%.
Cash and cash equivalents totaled $118.8 million, and debt-to-equity ratio was 4.0:1 as of June 30, 2024.
Ellington Credit Company (NYSE: EARN) has announced a monthly common dividend of $0.08 per share. The dividend is payable on September 25, 2024 to shareholders of record as of August 30, 2024. This declaration by the Company's Board of Trustees demonstrates a commitment to providing regular returns to shareholders. The announcement is significant for investors looking for consistent income from their investments in the financial services sector.
Ellington Credit Company (NYSE: EARN) has announced the release date for its second quarter 2024 earnings. The company will disclose financial results for the quarter ending June 30, 2024, after market close on Monday, August 12, 2024. A conference call to discuss the results is scheduled for Tuesday, August 13, 2024, at 11:00 a.m. Eastern Time. Investors can participate via telephone or webcast through the company's website. An investor presentation will be available on the website after market close on August 12. A dial-in replay of the conference call will be accessible from August 13 to August 20, 2024.
Ellington Credit Company (NYSE: EARN) announced that its Board of Trustees declared a monthly common dividend of $0.08 per share.
The dividend will be payable on August 26, 2024, to shareholders recorded as of July 31, 2024.
Ellington Credit Company (NYSE: EARN) has declared a monthly common dividend of $0.08 per share. This dividend will be payable on July 25, 2024, to shareholders who are on record as of June 28, 2024.
Ellington Credit Company (NYSE: EARN) reported financial results for Q1 2024. Key highlights include a net income of $4 million ($0.20 per share) and adjusted distributable earnings of $5.3 million ($0.27 per share). The company's book value stood at $7.21 per share after dividends of $0.24 per share. The net interest margin was 2.46% on Agency, 9.65% on credit, and 3.03% overall. The company maintained a $0.08 per share monthly dividend, resulting in a 13.4% yield based on a closing stock price of $7.14 on May 13, 2024.
The company's CLO portfolio grew to $45.1 million, with a strategic shift towards corporate CLOs. The firm plans to convert to a closed-end fund later in 2024, subject to shareholder approval. The debt-to-equity ratio was reported at 4.8:1. Ellington revoked its REIT status effective January 1, 2024, and is leveraging net operating loss carryforwards to offset federal taxable income.
Ellington Credit Company (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, payable on June 25, 2024, to shareholders of record as of May 31, 2024.
Ellington Credit Company (NYSE: EARN) will release its financial results for the first quarter of 2024 on May 14, 2024, followed by a conference call on May 15, 2024. International participants can join via telephone or webcast. An investor presentation will be available on the Company's website.
FAQ
What is the current stock price of Ellington Residential Mortgage REIT (EARN)?
What is the market cap of Ellington Residential Mortgage REIT (EARN)?
