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) 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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