Ellington Financial sets monthly dividend of $0.13 per share

OLD GREENWICH, Conn. - Ellington Financial Inc. (NYSE:EFC), a company specializing in a variety of financial assets, has declared a monthly dividend for its shareholders. The company’s Board of Directors announced a dividend of $0.13 per share of common stock, which is slated for payment on March 25, 2025, to those on record as of February 28, 2025. With a notable dividend yield of 12.29% and a 16-year track record of consistent dividend payments, according to InvestingPro data, EFC stands out among dividend-paying stocks.

This announcement reflects the company’s ongoing commitment to providing returns to its investors. Ellington Financial has a diverse investment portfolio that includes residential and commercial mortgage loans, mortgage-backed securities, consumer loans, and other financial assets. The company is managed by Ellington Financial Management LLC, which is affiliated with Ellington Management Group, L.L.C. InvestingPro data shows the company maintains strong financial health with a current ratio of 5.96, indicating solid liquidity, and trades at an attractive P/E ratio of 9.63.

Investors typically view dividend announcements as a sign of a company’s financial health and its ability to generate cash flow. Regular dividends can also indicate a stable and potentially growing income stream, which may be attractive to certain types of investors, particularly those seeking regular income from their investments.

It is important for investors to consider the broader context of the market and the specific financial performance of Ellington Financial when assessing the significance of this dividend declaration. According to InvestingPro’s Fair Value analysis, the stock appears slightly undervalued at current levels. While the company’s press release includes forward-looking statements, these are based on current beliefs and expectations and are subject to various risks and uncertainties that may cause actual results to differ materially. InvestingPro subscribers have access to additional insights through comprehensive Pro Research Reports, available for over 1,400 US stocks including EFC.

This dividend declaration is based on information provided in a press release statement from Ellington Financial Inc. Investors are encouraged to review the company’s financial statements and disclosures for a comprehensive understanding of its performance and risks.

The company has made it clear that this press release and the information contained within do not constitute an offer of securities or a solicitation of an offer to purchase securities. Ellington Financial is listed on the New York Stock Exchange under the ticker symbol EFC, with a market capitalization of $1.16 billion and maintains a "GOOD" overall Financial Health Score according to InvestingPro metrics.

In other recent news, Ellington Financial Inc. has successfully completed a $243 million securitization of proprietary reverse mortgage loans. These loans were originated by Longbridge Financial, LLC, a fully owned subsidiary of Ellington Financial, who will continue to service the loans. The debt tranches from the securitization received ratings from Morningstar DBRS, with the highest tranches achieving AAA(sf) ratings. As per credit risk retention regulations, Ellington Financial has retained certain portions of the securitization. This development is part of Ellington Financial’s ongoing strategy to invest in and manage a diverse range of financial assets. Longbridge Financial, known for its expertise in originating and servicing reverse mortgage loans, played a crucial role in this transaction. These are recent developments in line with the company’s business strategies.

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