Ellington Financial Declares Common and Preferred Dividends

Rhea-AI Summary

Ellington Financial (NYSE: EFC) has declared dividends for its common and preferred stocks. The monthly common stock dividend is $0.13 per share, payable on October 25, 2024, to stockholders of record as of September 30, 2024. Quarterly dividends were also declared for five series of preferred stocks, ranging from $0.390625 to $0.718763 per share, with various payment dates in September and October 2024. These dividends demonstrate EFC's commitment to providing regular income to its diverse shareholder base across different stock classes.

Positive

• Regular dividend payments indicate consistent income for shareholders
• Diverse dividend structure across multiple stock series suggests financial stability
• Maintenance of dividend levels implies company confidence in cash flow

Negative

• None.

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on October 25, 2024 to common stockholders of record as of September 30, 2024; (ii) a quarterly dividend of $0.421875 per share on the Company's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, payable on October 30, 2024 to Series A preferred stockholders of record as of September 30, 2024; (iii) a quarterly dividend of $0.390625 per share on the Company's 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on October 30, 2024 to Series B preferred stockholders of record as of September 30, 2024; (iv) a quarterly dividend of $0.5390625 per share on the Company's 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock, payable on October 30, 2024 to Series C preferred stockholders of record as of September 30, 2024; (v) a quarterly dividend of $0.4375 per share on the Company's 7.00% Series D Cumulative Perpetual Redeemable Preferred Stock, payable on September 30, 2024 to Series D preferred stockholders of record as of September 20, 2024; and (vi) a quarterly dividend of $0.718763 per share on the Company's Series E Floating Rate Cumulative Redeemable Preferred Stock, payable on September 30, 2024 to Series E preferred stockholders of record as of September 20, 2024.

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 involve numerous risks and uncertainties. The Company's actual results may differ from its beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek" or 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 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 our forward-looking statements: changes in interest rates and the market value of the Company's investments, market volatility, changes in mortgage default rates and prepayment rates, 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, the Company's ability to maintain its qualification as a real estate investment trust, or "REIT," 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, forward-looking statements are subject to 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 Company's website at www.ellingtonfinancial.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 Financial

Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240909081777/en/

Investors:

Ellington Financial

Investor Relations

(203) 409-3575

info@ellingtonfinancial.com

or

Media:

Amanda Shpiner/Grace Cartwright

Gasthalter & Co.

for Ellington Financial

(212) 257-4170

ellington@gasthalter.com

Source: Ellington Financial Inc.

FAQ

What is the monthly dividend amount for Ellington Financial's common stock?

Ellington Financial (EFC) has declared a monthly dividend of $0.13 per share for its common stock.

When will Ellington Financial (EFC) pay its next common stock dividend?

Ellington Financial (EFC) will pay its next common stock dividend on October 25, 2024, to stockholders of record as of September 30, 2024.

How many series of preferred stock dividends did Ellington Financial (EFC) declare?

Ellington Financial (EFC) declared dividends for five series of preferred stocks: Series A, B, C, D, and E.

What is the dividend amount for Ellington Financial's Series A Preferred Stock?

Ellington Financial (EFC) declared a quarterly dividend of $0.421875 per share for its 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.