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 (EFC) provides investors and financial professionals with comprehensive updates on its specialty finance operations. This page aggregates official announcements, strategic developments, and market analyses related to the company’s dual focus: managing a diversified portfolio of mortgage-related assets and leading in reverse mortgage origination through its Longbridge segment.
Access real-time updates on earnings reports, asset acquisitions, risk management strategies, and regulatory developments. Key content includes analysis of residential/commercial mortgage-backed securities activity, reverse mortgage market trends, and strategic investments in financial derivatives. All materials are curated to support informed decision-making without promotional bias.
Bookmark this page for streamlined access to EFC’s latest financial positioning and operational milestones. Regular updates ensure stakeholders maintain current insights into the company’s approach to generating risk-adjusted returns across market cycles.
Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.13 per share of common stock. The dividend is payable on September 25, 2024 to stockholders of record as of August 30, 2024. This announcement demonstrates EFC's commitment to providing regular income to its shareholders. The monthly dividend structure allows investors to receive more frequent payouts compared to quarterly dividends, potentially enhancing cash flow for income-focused investors.
Ellington Financial (NYSE: EFC) reported Q2 2024 results. Net income attributable to common stockholders was $52.3 million or $0.62 per share. The investment portfolio contributed $69.1 million, while the credit strategy contributed $68.0 million. The book value per common share stood at $13.92. The company declared a monthly dividend of $0.13 per share, resulting in a 13.0% yield based on the August 5 closing price of $12.04 per share.
The recourse debt-to-equity ratio was 1.6:1, and cash and cash equivalents were $198.5 million. Notable performance was observed in the non-QM loan business and reverse mortgage platform Longbridge, contributing a non-annualized economic return of 4.5% for the quarter.
Key financial metrics include Adjusted Distributable Earnings of $28.3 million or $0.33 per share, a slight sequential increase in both adjusted distributable earnings and book value per share.
Ellington Financial Inc. (NYSE: EFC) has successfully completed a $232 million securitization backed by a pool of proprietary reverse mortgage loans. All loans were originated by Longbridge Financial, , a subsidiary of EFC, which will continue to service the underlying mortgage loans. The securitization's debt tranches were rated by Morningstar DBRS, with the senior-most tranches receiving AAA(sf) ratings. EFC retained certain tranches to comply with credit risk retention rules and maintained the option to call the securitization after the optional redemption date. This move demonstrates EFC's strategic approach to leveraging its subsidiary's loan origination capabilities and expanding its presence in the reverse mortgage market.
Ellington Financial Inc. (NYSE: EFC) has announced its estimated book value per share of common stock as of June 30, 2024. The company reported a book value of $13.92 per share, which includes the effect of the previously announced monthly dividend of $0.13 per share. This dividend is payable on July 25, 2024, to shareholders of record as of June 28, 2024. The ex-dividend date remains the same as the record date.
Ellington Financial (NYSE: EFC) will release its Q2 2024 financial results on August 6, 2024, after market close.
A conference call to discuss the results will be held at 11:00 a.m. ET on August 7, 2024. To join the call, dial (800) 579-2543 with the conference code EFCQ224. International callers use (785) 424-1789.
The call will be webcast live on the Company's website, where a replay will be available from 2:00 p.m. ET on August 7, 2024, until August 14, 2024. U.S. replay access: (800) 695-0974; international: (402) 220-1459.
An investor presentation will be posted on the Company's website under 'For Investors—Presentations' post-market close on August 6, 2024.
Ellington Financial (NYSE: EFC) has announced a monthly dividend of $0.13 per share of common stock. This dividend is payable on August 26, 2024, to stockholders who are on record as of July 31, 2024.
Ellington Financial (NYSE: EFC) has announced its estimated book value per common share as of May 31, 2024, is $13.81. This estimate factors in the previously declared monthly dividend of $0.13 per share, which is payable on June 25, 2024, to shareholders of record on May 31, 2024. The company emphasizes this estimate as it aligns with their financial performance and strategic dividend distribution.
Ellington Financial (NYSE: EFC) announced several dividend declarations:
(i) A monthly dividend of $0.13 per share of common stock, payable on July 25, 2024 to common stockholders of record on June 28, 2024.
(ii) Quarterly dividends on preferred stock: $0.421875 per share for Series A, $0.390625 per share for Series B, $0.5390625 per share for Series C, $0.4375 per share for Series D, and $0.717053 per share for Series E.
The preferred dividends are payable on July 30, 2024, except for Series D and E which are payable on July 1, 2024, to stockholders of record on June 20, 2024 and June 28, 2024, respectively.
Ellington Financial (NYSE: EFC) reported an estimated book value per common share of $13.86 as of April 30, 2024.
This estimate includes the impact of a previously announced monthly dividend of $0.13 per share, which is payable on May 28, 2024, to shareholders of record on April 30, 2024.
The ex-dividend date was April 29, 2024.
Ellington Financial Inc. (NYSE: EFC) reported Q1 2024 results with net income of $26.9 million, or $0.32 per share, driven by credit strategy, Longbridge, and Agency strategy. Adjusted Distributable Earnings of $23.7 million. Book value per share was $13.69. Recourse debt-to-equity ratio of 1.8:1. Cash of $187.5 million. Dividend yield of 13.3%. Strong performance in non-QM loans, secondary CLO, CMBS, and non-Agency RMBS portfolios. Completed inaugural securitization of proprietary reverse mortgage loans. Quarterly results driven by expanding RTL portfolio, CLO purchases, commercial mortgage bridge loan growth. Non-QM securitization completed with significant gains. Focus on higher-yielding strategies, origination profits at Longbridge, and managing sub-performing loans.
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