Ellington Financial Inc Stock Price, News & Analysis

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, payable on October 25, 2021, to stockholders of record as of September 30, 2021. This move highlights the company's commitment to returning value to its shareholders amidst a diverse investment portfolio that includes residential and commercial mortgage loans, mortgage-backed securities, and consumer loans.

Ellington Financial (EFC) reported an estimated book value per common share of $18.29 as of July 31, 2021. This figure includes a monthly dividend of $0.15 per share, payable on August 25, 2021. Investors should note that the estimated book value is subject to change based on month-end and quarter-end valuations. The release also includes cautionary statements regarding forward-looking projections, emphasizing that actual results could differ significantly due to various risks, including market conditions and interest rate fluctuations.

Ellington Financial reported its Q2 2021 results, showing a net income of $32.7 million ($0.75 per share) and core earnings of $22.3 million ($0.51 per share). The company raised its monthly dividend by 50% to $0.15 per share, reflecting strong performance, particularly in non-QM loan origination. The credit strategy generated gross income of $55.3 million, while the agency strategy incurred a loss of $1.2 million. As of June 30, 2021, book value was $18.47 per share, with cash and equivalents at $134.7 million. The company maintained a debt-to-equity ratio of 3.2:1.

Ellington Financial (EFC) declared a monthly dividend of $0.15 per share, payable on September 27, 2021 to stockholders of record as of August 31, 2021. This announcement reflects the company's ongoing commitment to providing returns to its shareholders. However, investors should be aware of potential risks outlined in the release, including market fluctuations and changes in government regulations that could impact future dividends.

Ellington Financial Inc. (NYSE: EFC) will disclose its financial results for the quarter ending June 30, 2021, after market closure on August 5, 2021. A conference call is scheduled for August 6, 2021, at 11:00 a.m. Eastern Time to discuss these results. Participants can dial in or access the live webcast via the Company's website. A replay of the call will be available post-event from August 6 to August 13, 2021. In addition, an investor presentation will be posted on their website after the results announcement.

Ellington Financial announced an estimated book value per common share of $18.47 as of June 30, 2021. This estimate accounts for a monthly dividend of $0.15 per common share, payable on July 26, 2021. The ex-dividend date is June 29, 2021. The company cautioned that the estimated book value is subject to change and may not reflect actual results for future periods. Factors affecting future results include interest rate changes, market value fluctuations, and economic conditions related to the COVID-19 pandemic.

Ellington Financial has announced a monthly dividend of $0.15 per common share, payable on August 25, 2021, to stockholders recorded as of July 30, 2021. Additionally, a quarterly dividend of $0.421875 is declared on its 6.750% Series A Fixed-to-Floating Rate Preferred Stock, payable on July 30, 2021 to preferred stockholders of record as of July 19, 2021. The company cautions that forward-looking statements regarding dividends and financial performance are subject to numerous risks and uncertainties.

Ellington Financial announced an underwritten public offering of 6,000,000 shares at $18.22 per share, with a 30-day option for underwriters to purchase an additional 900,000 shares. The offering is expected to close on July 9, 2021.

The net proceeds will be utilized to acquire targeted assets and for general corporate purposes. The shares will be issued under an existing shelf registration statement. The press release includes forward-looking statements, highlighting risks and uncertainties that may affect the offering's completion and the use of proceeds.

Ellington Financial (NYSE: EFC) has initiated an underwritten public offering of 7,500,000 shares of common stock, with an over-allotment option for an additional 1,125,000 shares. The proceeds will be utilized for acquiring targeted assets, working capital, and general corporate purposes. The offering will utilize an existing shelf registration effective from April 9, 2021. Joint book-running managers include Morgan Stanley, UBS, BofA, JMP Securities, and Keefe Bruyette & Woods.