Ellington Financial Inc Stock Price, News & Analysis

Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of $15.10 as of March 31, 2023. This estimate factors in the monthly dividend of $0.15 per share, which is payable on April 25, 2023 to holders of record on March 31, 2023, with an ex-dividend date of March 30, 2023. The estimated book value is subject to change pending the company's month-end and quarter-end valuation procedures, indicating potential volatility. Investors are cautioned that the estimated book value may not reflect the company's actual performance for the corresponding periods. The press release also underscores risks related to market fluctuations, interest rate changes, and regulatory factors.

Ellington Financial has announced a monthly dividend of $0.15 per share, payable on May 25, 2023, to stockholders of record as of April 28, 2023. This decision reflects the company's ongoing commitment to delivering value to its shareholders while navigating various market conditions.

As a diversified financial asset investment firm, Ellington Financial engages in a variety of sectors, including residential and commercial mortgage loans and securities. The declaration of this dividend indicates the company's aim to maintain liquidity and shareholder confidence, despite potential market volatility.

Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $15.12 as of February 28, 2023. This estimate factors in a $0.15 monthly dividend payable on March 27, 2023, with the record date set for February 28 and an ex-dividend date of February 27. The company cautioned that this estimated book value is subject to change based on its month-end valuation procedures, and may not reflect future performance. It also highlighted that actual results could differ due to various risks and uncertainties, including market conditions and regulatory changes.

Ellington Financial Inc. (NYSE: EFC) has authorized a new repurchase program for up to $50 million of its common stock, building on its previous authority for 1.55 million shares established in 2018. The company has already repurchased nearly all of those shares. The new buyback program does not impose any obligation to acquire specific shares and has no definitive termination date, as repurchases will depend on market conditions and liquidity. The company intends to use available liquidity to fund these repurchases, which may occur through various methods.

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per share, payable on April 25, 2023, for stockholders of record as of March 31, 2023. Additionally, the company will distribute quarterly dividends for its preferred stocks: $0.421875 for Series A, $0.390625 for Series B, and $0.50313 for Series C, all payable on May 1, 2023, with the same record date. These dividends reflect Ellington Financial's strategy in diversifying its investments across mortgage and consumer-related assets.

Ellington Financial Inc. (NYSE: EFC) has announced an estimated book value per share of $15.00 as of January 31, 2023. This estimate factors in the monthly dividend of $0.15 per share, payable on February 27, 2023, to stockholders of record on January 31, 2023. The ex-dividend date is January 30, 2023.

The company cautions that the estimated book value is subject to change and may not reflect future financial performance. Additionally, forward-looking statements in the release include various risks and uncertainties that could lead to actual results differing significantly from projections.

Ellington Financial Inc. (NYSE: EFC) reported Q4 2022 financial results with a net income of $22.7 million, equating to $0.37 per share. The investment portfolio contributed $19.0 million, with $7.2 million from credit and $11.8 million from the Agency strategy. Adjusted Distributable Earnings amounted to $26.0 million, or $0.42 per share. The book value stood at $15.05, with a dividend yield of 13.4%. The Company experienced a decrease in its credit portfolio, down 7% to $2.544 billion. Longbridge, acquired in October 2022, yielded positive performance despite lower origination volumes. The recourse debt-to-equity ratio was 2.5:1, reflecting effective risk management.