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 (NYSE: EFC) has successfully closed a $251.8 million securitization backed by non-qualified residential mortgage loans. The majority of these loans were acquired from LendSure Mortgage Corp., a strategic equity investment for the Company. The securitization received an AAA rating for its senior tranche from S&P and KBRA. Ellington Financial retained select tranches to meet credit risk retention rules and has the option to call the securitization post-redemption date.
Ellington Financial reported a stellar fourth quarter for 2020 with a net income of $63.2 million, or $1.44 per common share, contributing to a full year net income of $17.2 million, or $0.39 per share. Core earnings stood at $16.0 million, or $0.37 per share. The company's credit strategy gross income was $75.0 million, while the agency's was $6.3 million. With a 7.5% dividend yield based on the latest stock price, Ellington continues to emphasize liquidity and growth in its loan origination businesses.
Ellington Financial (NYSE: EFC) has declared a monthly dividend of $0.10 per common share, scheduled for payment on March 25, 2021. Stockholders on record as of February 26, 2021 will receive this dividend. The company’s estimated book value per common share is $18.05 as of January 31, 2021, which includes the impact of the previous monthly dividend of $0.10, payable on February 25, 2021. Notably, the estimated book value is subject to change and has not been audited.
Ellington Financial Inc. (NYSE: EFC) announced it will release its financial results for the quarter ended December 31, 2020, after market close on February 18, 2021. A conference call to discuss these results is scheduled for 11:00 a.m. ET on February 19, 2021. Participants can dial in at (877) 241-1233, with international callers at (810) 740-4657, using conference passcode 9333979. The call will also be webcasted live on the Company's website, and a replay will be available from February 19 through March 5, 2021.
Ellington Financial announced the federal income tax treatment of 2020 distributions on common and preferred stock. Total distributions for common stock reached $1.30 per share, with components classified as Qualified REIT Dividends, Qualified Dividends, Capital Gain Distributions, and Return of Capital. For preferred stock, total distributions were $1.725005 per share, including amounts treated as Qualified REIT Dividends and Capital Gain Distributions. Shareholders are advised to consult their tax advisors and verify Form 1099 data for accurate tax reporting.
Ellington Financial (NYSE: EFC) has announced the appointment of Dr. Ronald I. Simon as the new Chairman of the Board, succeeding Thomas F. Robards, who remains an Independent Director. Dr. Simon has been an Independent Director since 2007. Additionally, Stephen J. Dannhauser, former chairman of Weil, Gotshal & Manges LLP, has joined the Board as an Independent Director. Laurence Penn, CEO of EFC, expressed confidence in both leadership appointments, highlighting their expertise and contributions to the company's future growth.
Ellington Financial (NYSE: EFC) has declared a monthly dividend of $0.10 per common share, payable on February 25, 2021, to stockholders of record as of January 29, 2021. Additionally, a quarterly dividend of $0.421875 per share on the 6.750% Series A Preferred Stock will be paid on February 1, 2021. The estimated book value per common share is $17.40 as of December 31, 2020, factoring in the previously announced monthly dividend.
Ellington Financial has declared a monthly dividend of $0.10 per common share, payable on January 25, 2021. The dividend is issued to stockholders of record as of December 31, 2020. The estimated book value per common share stands at $16.98 as of November 30, 2020, accounting for the previously announced monthly dividend. However, the estimated book value is subject to material changes due to market volatility and factors arising from the COVID-19 pandemic. The company warns that its actual financial results may differ from these estimates.
Ellington Financial Inc. (NYSE: EFC) reported an estimated book value per common share of $16.63 as of October 31, 2020, incorporating a monthly dividend of $0.09, payable on November 25, 2020. The company cautions that this estimate may vary following month-end valuation procedures. Factors influencing these changes include market volatility due to COVID-19, interest rate shifts, mortgage default rates, and the company's compliance with REIT regulations. The company will not update this estimate until the issuance of its financial statements.
Ellington Financial reported strong financial results for Q3 2020, with a net income of $46.2 million, or $1.06 per share. Core earnings were $18.0 million, equating to $0.41 per share, while book value per share reached $16.45. The Company declared a dividend of $0.10 per share, reflecting a 9.3% yield. Cash and equivalents stood at $126.8 million, with a long credit portfolio valued at $1.405 billion, an increase of 12% from the previous quarter. The Company maintained a debt-to-equity ratio of 2.7:1
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