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 (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.
Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.13 per share of common stock, payable on June 25, 2024. This announcement reflects the company's commitment to rewarding its shareholders with consistent dividends.
Ellington Financial Inc. announced the completion of a $300 million securitization backed by non-qualified residential mortgage loans. The company retained a majority share of the loans, with the rest contributed by funds managed by Ellington Management Group, L.L.C. The securitization received AAA(sf) ratings from S&P, and the company has the option to call the securitization after the optional redemption date.
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