Welcome to our dedicated page for Ellington Financial news (Ticker: EFC), a resource for investors and traders seeking the latest updates and insights on Ellington Financial stock.
Ellington Financial Inc. reports specialty finance developments tied to its investment portfolio, Longbridge reverse mortgage business, and recurring capital returns. The company invests in residential and commercial mortgage loans, mortgage-backed securities, reverse mortgage loans, mortgage servicing rights, consumer loans, asset-backed securities, collateralized loan obligations, derivatives, and strategic investments in loan origination companies.
Company news commonly covers quarterly results, estimated book value per common share, monthly common dividends, preferred stock dividends, securitization activity, and portfolio performance across credit and mortgage-related assets. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.
Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.15 per common share, set to be paid on November 25, 2022. Shareholders of record as of October 31, 2022 are eligible for this dividend. The company invests in various financial assets, including mortgage loans and securities, with management provided by Ellington Financial Management LLC. This announcement reflects the company's ongoing commitment to returning value to its shareholders.
Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of $15.99 as of August 31, 2022. This value includes the upcoming monthly dividend of $0.15 per share, which will be distributed on September 26, 2022. The ex-dividend date is August 30, 2022. It is important to note that the estimated book value may change due to valuation procedures and does not predict future results. The company warns that actual results could vary significantly due to various risks, including market conditions and interest rate changes.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, payable on October 25, 2022, to stockholders of record as of September 30, 2022. Additionally, a quarterly dividend of $0.421875 per share on the Company’s 6.750% Series A Preferred Stock and $0.390625 for the 6.250% Series B Preferred Stock will be paid on October 31, 2022. Both are also to record holders from September 30, 2022.
Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per share of $16.32 as of July 31, 2022. This figure factors in a monthly dividend of $0.15, payable on August 25, 2022, to stockholders on record as of July 29, 2022. The company cautions that the estimated book value is subject to significant changes and may not reflect future results, influenced by various unpredictable factors including market conditions and interest rates.
Ellington Financial reported a net loss of $(64.9) million, or $(1.08) per share, for Q2 2022. Adjusted Distributable Earnings were $24.9 million ($0.41 per share). The company faced significant challenges, including a gross loss of $(48.9) million from credit strategies and $(12.3) million from agency strategies. Book value per share was $16.22, with a dividend yield of 11.3%. Despite these losses, the credit portfolio grew by 29% since year-end 2021, and strategic investments in loan originators represented 9% of total equity. The debt-to-equity ratio stood at 3.8:1.
Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.15 per common share, to be paid on September 26, 2022. Stockholders recorded by August 31, 2022 will receive this payment. The company invests in various financial assets, including mortgage-backed securities and consumer loans. However, shareholders should be aware of the inherent risks in forward-looking statements regarding future performance, which are subject to uncertainties in market conditions.
Ellington Financial Inc. (NYSE: EFC) has successfully closed a $346 million securitization backed by non-qualified residential mortgage loans. The Company acquired these loans from LendSure Mortgage Corp. and American Heritage Lending, LLC, in which it holds strategic equity investments. The securitization received AAA ratings for the senior tranche from Fitch and KBRA. Ellington retained certain tranches to comply with credit risk retention rules and has the option to call the securitization post-optional redemption date.
Ellington Financial Inc. (NYSE: EFC) will release its financial results for Q2 2022 on August 4, 2022, post-market. A conference call is scheduled for August 5, 2022, at 11:00 a.m. ET to discuss the results. Callers can dial (800) 225-9448 or (203) 518-9708 for international participants to join. A replay will be available starting August 5 at 2:00 p.m. ET through August 12. Financial presentations will also be posted on their website.
Ellington Financial Inc. (NYSE: EFC) announced an estimated book value per share of $16.22 as of June 30, 2022. This figure includes the impact of a monthly dividend of $0.15 per share, scheduled for payment on July 25, 2022, to stockholders on record as of June 30, 2022. The company cautions that this estimated book value is subject to significant changes following month-end and quarter-end valuations, and actual results may vary due to various factors, including market conditions and regulatory changes.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share. The dividend, payable on August 25, 2022, is intended for stockholders of record as of July 29, 2022. This announcement indicates the company's ongoing commitment to providing returns to its investors amidst fluctuating market conditions.
Investors should note the potential impacts of economic factors and market conditions on the company's operations and future performance.