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 Inc. (NYSE: EFC) has announced its estimated book value per share of common stock as of August 31, 2024. The company reported a figure of $13.69 per share, which includes the effect of the previously announced monthly dividend of $0.13 per share. This dividend is payable on September 25, 2024, to shareholders of record as of August 30, 2024, with the same ex-dividend date.
Ellington Financial (NYSE: EFC) has declared dividends for its common and preferred stocks. The monthly common stock dividend is $0.13 per share, payable on October 25, 2024, to stockholders of record as of September 30, 2024. Quarterly dividends were also declared for five series of preferred stocks, ranging from $0.390625 to $0.718763 per share, with various payment dates in September and October 2024. These dividends demonstrate EFC's commitment to providing regular income to its diverse shareholder base across different stock classes.
Ellington Financial Inc. (NYSE: EFC) has announced its estimated book value per share of common stock as of July 31, 2024. The company reported a book value of $13.80 per share, which includes the effect of the previously announced monthly dividend of $0.13 per share. This dividend is payable on August 26, 2024, to shareholders of record as of July 31, 2024. The ex-dividend date for this distribution aligns with the record date.
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.
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