Ellington Financial Inc (EFC) To Go Ex-Dividend on November 27th

Ellington Financial Inc (NYSE:EFC) declared a monthly dividend on Thursday, November 7th, Zacks reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, December 26th. This represents a $1.68 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date of this dividend is Wednesday, November 27th.

NYSE:EFC opened at $18.13 on Monday. Ellington Financial has a fifty-two week low of $14.69 and a fifty-two week high of $18.89. The company has a debt-to-equity ratio of 3.99, a current ratio of 70.03 and a quick ratio of 70.03. The stock has a market capitalization of $613.01 million, a PE ratio of 12.86 and a beta of 0.39. The business’s 50-day simple moving average is $18.34 and its 200-day simple moving average is $17.97.

Ellington Financial (NYSE:EFC) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. Ellington Financial had a return on equity of 9.00% and a net margin of 28.49%. The business had revenue of $39.99 million for the quarter, compared to analysts’ expectations of $39.03 million. On average, research analysts expect that Ellington Financial will post 1.78 earnings per share for the current year.

Several research firms have recently weighed in on EFC. Maxim Group reiterated a “buy” rating and set a $20.00 price objective on shares of Ellington Financial in a report on Friday, November 8th. Zacks Investment Research upgraded Ellington Financial from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 24th. Nomura began coverage on Ellington Financial in a report on Friday, September 27th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, ValuEngine cut Ellington Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.75.

About Ellington Financial

Ellington Financial LLC, through its subsidiary Ellington Financial Operating Partnership LLC, operates as a specialty finance company in the United States. The company acquires and manages mortgage-related assets, including residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S.

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Dividend History for Ellington Financial (NYSE:EFC)

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