Ellington Financial Declares Monthly Dividend of $0.13 Per Share
Ellington Financial (EFC) has declared a monthly dividend of $0.13 per share, consistent with its previous payout levels. The forward yield is currently estimated at 13.37%. The dividend will be payable on November 30 to shareholders of record as of October 30, with an ex-dividend date also set for October 30. The company reported organic growth in Q2 despite macroeconomic headwinds affecting mortgage REITs more broadly. As of August 31, Ellington Financial estimates its book value per share at $13.62. Additionally, the firm recently upsized a senior notes offering due in 2030 to $150 million. The consistent dividend and recent capital-raising activity suggest stability amid challenging market conditions for mortgage REITs.
Tickers: $EFC