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. reports specialty finance developments tied to its investment portfolio, Longbridge reverse mortgage business, and recurring capital returns. The company invests in residential and commercial mortgage loans, mortgage-backed securities, reverse mortgage loans, mortgage servicing rights, consumer loans, asset-backed securities, collateralized loan obligations, derivatives, and strategic investments in loan origination companies.
Company news commonly covers quarterly results, estimated book value per common share, monthly common dividends, preferred stock dividends, securitization activity, and portfolio performance across credit and mortgage-related assets. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.
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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