Ellington Residential Mortgage REIT (NYSE:EARN) Raises Dividend to $0.30 Per Share

Ellington Residential Mortgage REIT (NYSE:EARN) announced a quarterly dividend on Thursday, June 10th, Wall Street Journal reports. Investors of record on Wednesday, June 30th will be paid a dividend of 0.30 per share by the real estate investment trust on Monday, July 26th. This represents a $1.20 annualized dividend and a dividend yield of 8.94%. The ex-dividend date is Tuesday, June 29th. This is a positive change from Ellington Residential Mortgage REIT’s previous quarterly dividend of $0.28.

Ellington Residential Mortgage REIT has decreased its dividend by 28.7% over the last three years and has increased its dividend every year for the last 1 years.

NYSE EARN traded up $0.56 during midday trading on Thursday, hitting $13.42. The company had a trading volume of 381,082 shares, compared to its average volume of 75,637. The business has a 50-day moving average of $12.27. The stock has a market cap of $165.66 million, a P/E ratio of 4.29 and a beta of 1.92. Ellington Residential Mortgage REIT has a twelve month low of $9.34 and a twelve month high of $13.58.

Ellington Residential Mortgage REIT (NYSE:EARN) last posted its quarterly earnings data on Sunday, May 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). Ellington Residential Mortgage REIT had a return on equity of 9.84% and a net margin of 191.35%.

About Ellington Residential Mortgage REIT

Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade.

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Dividend History for Ellington Residential Mortgage REIT (NYSE:EARN)

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