Ellington Credit Declares Monthly Common Dividend
Ellington Credit Company (NYSE: EARN) has announced a monthly common dividend of $0.08 per share. The dividend is payable on October 25, 2024 to shareholders of record as of September 30, 2024. This declaration by the Board of Trustees demonstrates the company's commitment to providing regular returns to its shareholders. The consistent dividend payout may be viewed positively by income-focused investors, potentially supporting the stock's appeal in the market.
Ellington Credit Company (NYSE: EARN) ha annunciato un dividendo mensile comune di $0,08 per azione. Il dividendo è pagabile il 25 ottobre 2024 agli azionisti registrati al 30 settembre 2024. Questa dichiarazione da parte del Consiglio di Amministrazione dimostra l'impegno dell'azienda nel fornire ritorni regolari ai propri azionisti. Il pagamento costante dei dividendi potrebbe essere visto positivamente dagli investitori focalizzati sul reddito, supportando così l'attrattiva del titolo sul mercato.
Ellington Credit Company (NYSE: EARN) ha anunciado un dividendo mensual común de $0,08 por acción. El dividendo es pagadero el 25 de octubre de 2024 para los accionistas registrados a partir del 30 de septiembre de 2024. Esta declaración por parte de la Junta de Fideicomisarios demuestra el compromiso de la empresa de proporcionar retornos regulares a sus accionistas. El pago constante de dividendos puede ser visto positivamente por los inversores enfocados en ingresos, lo que potencialmente apoya el atractivo de la acción en el mercado.
Ellington Credit Company (NYSE: EARN)는 주당 $0.08의 월 배당금을 발표했습니다. 이 배당금은 2024년 10월 25일에 2024년 9월 30일 기준 주주들에게 지급됩니다. 이사회에 의한 이번 선언은 회사가 주주들에게 정기적인 수익을 제공하겠다는 의지를 나타냅니다. 지속적인 배당금 지급은 수익 중심의 투자자들에게 긍정적으로 평가될 수 있으며, 주식의 시장에서의 매력을 지지할 가능성이 높습니다.
Ellington Credit Company (NYSE: EARN) a annoncé un dividende commun mensuel de 0,08 $ par action. Le dividende est payable le 25 octobre 2024 aux actionnaires inscrits au 30 septembre 2024. Cette déclaration du Conseil d'Administration démontre l'engagement de l'entreprise à fournir des retours réguliers à ses actionnaires. Le versement constant de dividendes peut être perçu comme positif par les investisseurs axés sur le revenu, soutenant potentiellement l'attrait de l'action sur le marché.
Ellington Credit Company (NYSE: EARN) hat eine monatliche gemeinsame Dividende von $0,08 pro Aktie angekündigt. Die Dividende ist am 25. Oktober 2024 für Aktionäre zahlbar, die am 30. September 2024 im Aktienregister eingetragen sind. Diese Erklärung des Vorstandes zeigt das Engagement des Unternehmens, den Aktionären regelmäßige Erträge bereitzustellen. Die kontinuierliche Dividendenzahlung könnte von einkommensorientierten Investoren positiv bewertet werden, was möglicherweise die Attraktivität der Aktie auf dem Markt unterstützt.
- Consistent monthly dividend payout of $0.08 per share
- Commitment to shareholder returns through regular dividends
- None.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us. These beliefs, assumptions, and expectations are subject to numerous risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations and strategies may vary materially from those expressed or implied in our forward-looking statements. The following factors are examples of those that could cause actual results to vary from those stated or implied by our forward-looking statements: changes in interest rates and the market value of the Company's investments, market volatility, changes in the default rates on corporate loans, the Company's ability to borrow to finance its assets, changes in government regulations affecting the Company's business, the Company's ability to maintain its exclusion from registration under the Investment Company Act of 1940, our ability to pivot our investment strategy to focus on collateralized loan obligations ("CLOs"), a deterioration in the CLO market, our ability to utilize our net operating loss carryforwards, our ability to convert to a closed end fund/RIC, including our ability to obtain shareholder approval of our conversion to a closed end fund/RIC, and other changes in market conditions and economic trends, such as changes to fiscal or monetary policy, heightened inflation, slower growth or recession, and currency fluctuations. Furthermore, as stated above, forward-looking statements are subject to numerous risks and uncertainties, including, among other things, those described under Item 1A of the Company's Annual Report on Form 10-K, which can be accessed through the link to the Company's SEC filings under "For Investors" on the Company's website (at www.ellingtoncredit.com) or at the SEC's website (www.sec.gov). Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected or implied may be described from time to time in reports the Company files with the SEC, including reports on Forms 10-Q, 10-K and 8-K. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities.
About Ellington Credit Company
Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT, was initially formed as a real estate investment trust ("REIT") that invested primarily in residential mortgage-backed securities ("MBS"). On March 29, 2024, the Company’s Board of Trustees approved a strategic transformation of its investment strategy to focus on corporate CLOs, with an emphasis on mezzanine debt and equity tranches. In connection with this transformation, the Company revoked its election to be taxed as a REIT effective January 1, 2024, and rebranded to Ellington Credit Company. Later in 2024, the Company intends, subject to shareholder approval of certain matters, to convert to a closed-end fund and complete its transition from an MBS-focused company to a CLO-focused company.
Ellington Credit Company is externally managed and advised by Ellington Credit Company Management LLC, an affiliate of Ellington Management Group, L.L.C.
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Investors:
Ellington Credit Company
Investor Relations
(203) 409-3773
info@ellingtoncredit.com
or
Media:
Amanda Shpiner/Grace Cartwright
Gasthalter & Co.
for Ellington Credit Company
(212) 257-4170
Ellington@gasthalter.com
Source: Ellington Credit Company
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