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. (NYSE: EFC) is a specialty finance company that regularly releases news on its investment activities, portfolio performance, capital markets transactions, and shareholder distributions. Company press releases and related Form 8-K filings provide updates on its diverse investments in residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, and other mortgage-related and non-mortgage-related derivatives and strategic investments.
News for Ellington Financial often highlights dividend declarations on its common and preferred stock, including monthly common dividends and quarterly preferred dividends approved by its Board of Directors. The company also publishes estimated book value per common share as of specific month-ends, and reports quarterly financial results for its Investment Portfolio and Longbridge segments, detailing contributions from credit and Agency strategies and from the Longbridge reverse mortgage business.
Investors following EFC news can also see announcements about senior unsecured notes offerings, including the issuance and closing of notes due 2030, as well as updates on equity distribution agreements that support an at-the-market common stock offering program. Additional releases cover the timing of quarterly earnings releases, conference calls, and investor presentations, with details on how to access those events.
This news page aggregates Ellington Financial’s publicly released information so readers can review company communications on dividends, estimated book value, earnings, financing transactions, and other material events as disclosed in press releases and SEC filings.
Ellington Financial reported an estimated book value per common share of $18.23 as of May 31, 2021, inclusive of the upcoming monthly dividend of $0.15. The dividend is set to be paid on June 25, 2021, to shareholders recorded by May 28, 2021, with an ex-dividend date of May 27, 2021. The press release emphasizes that this estimated book value may fluctuate and is not necessarily indicative of future performance due to various risks, including market conditions and regulatory factors.
Ellington Financial announced the closing of a $331.8 million securitization backed by non-qualified residential mortgage loans. The majority of these loans were acquired from LendSure Mortgage Corp., in which Ellington has a strategic equity investment. The securitization received AAA ratings for the senior tranche from both Fitch and KBRA. The company retained certain tranches to comply with credit risk retention rules and has the option to call the securitization after the optional redemption date.
Ellington Financial (NYSE: EFC) has declared a monthly dividend of $0.15 per common share, scheduled for payment on July 26, 2021. Stockholders must be on record by June 30, 2021 to receive this dividend. The Company engages in a diverse array of investments, including mortgage loans and securities. However, investors are cautioned to consider potential risks affecting the company's performance, including fluctuations in interest rates and changes in mortgage default rates, which may impact future dividends.
Ellington Financial (NYSE: EFC) reported an estimated book value per common share of $18.21 as of April 30, 2021. This figure includes a monthly dividend of $0.14, payable on May 25, 2021, to shareholders on record as of April 30, 2021, with an ex-dividend date of April 29, 2021. The company cautions that the estimated book value is subject to change pending final valuations and may not be indicative of future performance due to various risks, including interest rate fluctuations and economic conditions, particularly those stemming from the COVID-19 pandemic.
Ellington Financial (NYSE: EFC) announced a monthly dividend increase to $0.15 per common share, payable on June 25, 2021, to stockholders of record by May 28, 2021. This represents a 7% increase from the previous dividend of $0.14 in April, marking the fourth increase in the past twelve months and a cumulative growth of 50% this year. CEO Laurence Penn attributed the increase to stronger earnings and a larger flow of high-yielding loans for their portfolio.
Ellington Financial reported a net income of $37.9 million or $0.86 per share for Q1 2021, with core earnings of $18.8 million. The company declared a 40% increase in its quarterly dividend to $0.14 per common share. Total long credit portfolio decreased by 9% to $1.299 billion, while the long Agency RMBS portfolio increased by 55% to $1.488 billion. Debt-to-equity ratio rose to 3.2:1. The company achieved an annualized economic return of 21.3% and emphasized strong portfolio growth amidst market volatility.
Ellington Financial Inc. (NYSE: EFC) will release its financial results for Q1 2021 on May 5, 2021, after market close. A conference call is scheduled for May 6, 2021, at 11:00 a.m. ET, available via telephone or live webcast. The replay will be accessible from May 6, 2021, through May 20, 2021. An investor presentation will be posted on the company's website following the earnings release. Ellington Financial focuses on a diverse portfolio including mortgage loans and asset-backed securities, managed by Ellington Financial Management LLC.
Ellington Financial (NYSE: EFC) reported an estimated book value per common share of $18.16 as of March 31, 2021, which includes a monthly dividend of $0.10 per share payable on April 26, 2021. This estimate is subject to change upon completion of month-end valuation procedures. The company cautions that the estimated book value may not accurately predict future results, given the risks associated with market fluctuations, interest rates, and economic conditions, particularly those linked to the COVID-19 pandemic.
Ellington Financial (NYSE: EFC) has declared a monthly dividend of $0.14 per common share, payable on May 25, 2021, an increase of 40% from the previous dividend. CEO Laurence Penn highlighted strong growth from high-yielding loans and a robust loan acquisition pipeline, expressing confidence in future dividend increases. Additionally, a quarterly dividend of $0.421875 per share was announced for the 6.750% Series A Preferred Stock, payable on April 30, 2021.
Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.10 per common share, set for payment on April 26, 2021. The declaration follows an estimated book value of $18.06 per common share as of February 28, 2021, which accounts for the earlier dividend payment scheduled for March 25, 2021. The company cautioned that the estimated book value is subject to significant change due to market fluctuations and other factors, and it undertakes no obligation to update this estimate before the release of subsequent financial statements.
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