Ellington Residential Mortgage REIT Announces Common Dividend

Rhea-AI Summary

Ellington Residential Mortgage REIT (NYSE: EARN) announced a third quarter 2021 dividend of $0.30 per share, payable on October 25, 2021, to shareholders on record as of September 30, 2021. The company specializes in managing residential mortgage-backed securities, primarily those guaranteed by U.S. government agencies. This dividend declaration reflects the company's ongoing strategy to reward its investors amidst market fluctuations.

Positive

• Dividend of $0.30 per share declared for Q3 2021.
• Payment date set for October 25, 2021.

Negative

• Market conditions may affect future performance due to fluctuations in interest rates and economic uncertainties.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a dividend for the third quarter of 2021 of $0.30 per share, payable on October 25, 2021, to common shareholders of record as of September 30, 2021.

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. For example, 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, including changes resulting from the economic effects related to the COVID-19 pandemic, and associated responses to the pandemic. 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 filed on March 16, 2021, 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/20210914006022/en/

Investors:

Investor Relations

Ellington Residential Mortgage REIT

(203) 409-3773

info@earnreit.com

or

Media:

Amanda Klein or Kevin FitzGerald

Gasthalter & Co.

for Ellington Residential Mortgage REIT

(212) 257-4170

Ellington@gasthalter.com

Source: Ellington Residential Mortgage REIT

FAQ

What is the dividend amount for Ellington Residential Mortgage REIT in Q3 2021?

The dividend amount is $0.30 per share.

When will the dividend for Ellington Residential Mortgage REIT be paid?

The dividend will be paid on October 25, 2021.

What is the record date for the dividend payment of Ellington Residential Mortgage REIT?

The record date is September 30, 2021.

How does the current dividend reflect Ellington Residential Mortgage REIT's business strategy?

The dividend showcases the company's commitment to rewarding investors while navigating market fluctuations.