- See Best Financial Dividend Stocks Model Portfolio for our top income & growth blend ideas in Financial.
- Ellington Financial Inc. is a real estate investment trust (REIT).
- There are no upcoming dividends for Ellington Financial.
In addition, the company offers consumer loans and asset-backed securities backed by consumer and commercial assets. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.
Ellington Financial MarketRank™ Forecast
Ellington Financial’s last monthly dividend was on Sep 28, 2023 (ex-date) with a distribution of $0.15 per share. On an annualized basis, the company has a current payout of $1.8 per share. This brings the dividend yield to 14.43% based on its recent close price. 5 analysts have issued 1-year price targets for Ellington Financial’s stock. Their EFC share price forecasts range from $13.75 to $15.50. On average, they predict the company’s stock price to reach $14.55 in the next twelve months.
- The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
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- Its investments in residential and commercial mortgage loans consist of performing, non-performing, or sub-performing loans.
- In comparison with the Financial Services sector average of 33.5%, Ellington Financial’s payout ratio is 1,068% higher.
- The scores are based on the trading styles of Value, Growth, and Momentum.
- Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut.
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Check out the securities going ex-dividend this week with an increased payout. See Best Financial Dividend Stocks Model Portfolio for our top income & growth blend ideas in Financial. Ellington Financial issued an update on its second quarter 2023 earnings guidance on Monday, July, 24th. The company provided earnings per share guidance of $0.35-$0.39 for the period, compared to the consensus estimate of $0.45.
EFC Dividends vs. Peers
See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. Ellington Financial’s stock was trading at $12.37 at the beginning of the year. Since then, EFC stock has increased by 0.8% and is now trading at $12.47. There are no upcoming dividends announced for Ellington Financial. The last reported dividend for Ellington Financial (EFC) was $0.15 and will be paid out next on October 25, 2023.
About Ellington Financial (NYSE:EFC) Stock
EFC has paid dividend of $1.8 per share in the last year. Yes, Ellington Financial has paid 12 dividends in the last 12 months. The next Ellington Financial Inc dividend went ex 3 days ago for 15c and will be paid in 24 days. The previous Ellington Financial Inc dividend was 15c and it went ex 1 month ago and it was paid 6 days ago. There are typically 12 dividends per year (excluding specials), and the dividend cover is approximately 1.1. © Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.
Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The dividend schedule below includes dividend amounts, payment dates and ex-dividend dates for Ellington Financial. Ellington Financial issues dividends to shareholders from excess cash the company generates.
Ellington Financial (EFC) Stock Forecast, Price & News
This suggests a possible upside of 16.7% from the stock’s current price. View analysts price targets for EFC or view top-rated stocks among Wall Street analysts. 5 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Ellington Financial in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock.
Ellington Financial has been paying dividends since 2010. EFC has issued 12 monthly dividends in the last twelve months. But with the stock price up by 10% from a year ago, the dividend yield marks a decrease of 9%. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Over the past three years, the company’s dividend has not grown. No, Ellington Financial is considered not a good dividend. The dividend is above their peers but, based on the TTM, the moneyball year-over-year dividend growth is stagnant. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
Ellington Financial’s next monthly dividend payment of $0.15 per share will be made to shareholders on Wednesday, October 25, 2023. Ellington Financial pays monthly dividends to shareholders. The dividend payout ratio of Ellington Financial is 391.3%.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
Check out the securities going ex-dividend this week with a decreased payout. Build conviction from in-depth coverage of the best dividend stocks. Ellington Financial has a dividend yield of 14.44% and paid $1.80 per share in the past year.