Ellington Residential Declares Monthly Common Dividend

Rhea-AI Summary

Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly dividend of $0.08 per share, payable on April 25, 2023. This dividend is aimed at rewarding shareholders, and the record date for this payment is March 31, 2023. The REIT specializes in managing residential mortgage-backed securities and is externally managed by Ellington Residential Mortgage Management LLC. Investors should note that the company faces risks related to market fluctuations, interest rates, and economic conditions that might impact future dividends.

Positive

• Monthly dividend of $0.08 per share indicates confidence in financial health.
• Scheduled payment may attract income-seeking investors.

Negative

• Risks associated with interest rate changes and economic fluctuations could impact future dividends.
• Dependence on market conditions may affect cash flows.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on April 25, 2023 to shareholders of record as of March 31, 2023.

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. Examples of forward-looking statements in this press release include statements regarding the Company's payment of dividends. Our results can fluctuate from month to month and quarter to quarter depending on a variety of factors, some of which are beyond our control and/or difficult to predict, including, without limitation, changes in interest rates, changes in default rates and prepayment speeds, and other changes in market and economic conditions, such as changes to fiscal or monetary policy, heightened inflation, slower growth or recession, and currency fluctuations. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A to the Company's Annual Report on Form 10-K, which can be accessed through the link to our SEC filings under "For Our Shareholders" on our website (www.earnreit.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 may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q, 10-K and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

About Ellington Residential Mortgage REIT

Ellington Residential Mortgage REIT is a mortgage real estate investment trust that specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets, with a primary focus on residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. government agency or a U.S. government-sponsored enterprise. Ellington Residential Mortgage REIT is externally managed and advised by Ellington Residential Mortgage Management LLC, an affiliate of Ellington Management Group, L.L.C.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230307005943/en/

Investors:

Ellington Residential Mortgage REIT

Investor Relations

(203) 409-3773

info@earnreit.com



or



Media:

Amanda Shpiner/Sara Widmann

Gasthalter & Co.

for Ellington Residential Mortgage REIT

(212) 257-4170

Ellington@gasthalter.com

Source: Ellington Residential Mortgage REIT

FAQ

What is the dividend payment date for EARN?

The dividend payment date for Ellington Residential Mortgage REIT (EARN) is April 25, 2023.

What is the amount of the dividend declared by EARN?

Ellington Residential Mortgage REIT declared a monthly dividend of $0.08 per share.

Who is eligible to receive the EARN dividend?

Shareholders of record as of March 31, 2023, are eligible to receive the dividend.

What are the risks associated with EARN's dividends?

The dividends are subject to risks from market fluctuations, changes in interest rates, and economic conditions.