Welcome to our dedicated page for Ellington Financial news (Ticker: EFC), a resource for investors and traders seeking the latest updates and insights on Ellington Financial stock.
Ellington Financial Inc (EFC) provides investors and financial professionals with comprehensive updates on its specialty finance operations. This page aggregates official announcements, strategic developments, and market analyses related to the company’s dual focus: managing a diversified portfolio of mortgage-related assets and leading in reverse mortgage origination through its Longbridge segment.
Access real-time updates on earnings reports, asset acquisitions, risk management strategies, and regulatory developments. Key content includes analysis of residential/commercial mortgage-backed securities activity, reverse mortgage market trends, and strategic investments in financial derivatives. All materials are curated to support informed decision-making without promotional bias.
Bookmark this page for streamlined access to EFC’s latest financial positioning and operational milestones. Regular updates ensure stakeholders maintain current insights into the company’s approach to generating risk-adjusted returns across market cycles.
Ellington Financial Inc. (NYSE: EFC) will release its financial results for Q1 2021 on May 5, 2021, after market close. A conference call is scheduled for May 6, 2021, at 11:00 a.m. ET, available via telephone or live webcast. The replay will be accessible from May 6, 2021, through May 20, 2021. An investor presentation will be posted on the company's website following the earnings release. Ellington Financial focuses on a diverse portfolio including mortgage loans and asset-backed securities, managed by Ellington Financial Management LLC.
Ellington Financial (NYSE: EFC) reported an estimated book value per common share of $18.16 as of March 31, 2021, which includes a monthly dividend of $0.10 per share payable on April 26, 2021. This estimate is subject to change upon completion of month-end valuation procedures. The company cautions that the estimated book value may not accurately predict future results, given the risks associated with market fluctuations, interest rates, and economic conditions, particularly those linked to the COVID-19 pandemic.
Ellington Financial (NYSE: EFC) has declared a monthly dividend of $0.14 per common share, payable on May 25, 2021, an increase of 40% from the previous dividend. CEO Laurence Penn highlighted strong growth from high-yielding loans and a robust loan acquisition pipeline, expressing confidence in future dividend increases. Additionally, a quarterly dividend of $0.421875 per share was announced for the 6.750% Series A Preferred Stock, payable on April 30, 2021.
Ellington Financial Inc. (NYSE: EFC) has announced a monthly dividend of $0.10 per common share, set for payment on April 26, 2021. The declaration follows an estimated book value of $18.06 per common share as of February 28, 2021, which accounts for the earlier dividend payment scheduled for March 25, 2021. The company cautioned that the estimated book value is subject to significant change due to market fluctuations and other factors, and it undertakes no obligation to update this estimate before the release of subsequent financial statements.
Ellington Financial (NYSE: EFC) has successfully closed a $251.8 million securitization backed by non-qualified residential mortgage loans. The majority of these loans were acquired from LendSure Mortgage Corp., a strategic equity investment for the Company. The securitization received an AAA rating for its senior tranche from S&P and KBRA. Ellington Financial retained select tranches to meet credit risk retention rules and has the option to call the securitization post-redemption date.
Ellington Financial reported a stellar fourth quarter for 2020 with a net income of $63.2 million, or $1.44 per common share, contributing to a full year net income of $17.2 million, or $0.39 per share. Core earnings stood at $16.0 million, or $0.37 per share. The company's credit strategy gross income was $75.0 million, while the agency's was $6.3 million. With a 7.5% dividend yield based on the latest stock price, Ellington continues to emphasize liquidity and growth in its loan origination businesses.
Ellington Financial (NYSE: EFC) has declared a monthly dividend of $0.10 per common share, scheduled for payment on March 25, 2021. Stockholders on record as of February 26, 2021 will receive this dividend. The company’s estimated book value per common share is $18.05 as of January 31, 2021, which includes the impact of the previous monthly dividend of $0.10, payable on February 25, 2021. Notably, the estimated book value is subject to change and has not been audited.
Ellington Financial Inc. (NYSE: EFC) announced it will release its financial results for the quarter ended December 31, 2020, after market close on February 18, 2021. A conference call to discuss these results is scheduled for 11:00 a.m. ET on February 19, 2021. Participants can dial in at (877) 241-1233, with international callers at (810) 740-4657, using conference passcode 9333979. The call will also be webcasted live on the Company's website, and a replay will be available from February 19 through March 5, 2021.
Ellington Financial announced the federal income tax treatment of 2020 distributions on common and preferred stock. Total distributions for common stock reached $1.30 per share, with components classified as Qualified REIT Dividends, Qualified Dividends, Capital Gain Distributions, and Return of Capital. For preferred stock, total distributions were $1.725005 per share, including amounts treated as Qualified REIT Dividends and Capital Gain Distributions. Shareholders are advised to consult their tax advisors and verify Form 1099 data for accurate tax reporting.
Ellington Financial (NYSE: EFC) has announced the appointment of Dr. Ronald I. Simon as the new Chairman of the Board, succeeding Thomas F. Robards, who remains an Independent Director. Dr. Simon has been an Independent Director since 2007. Additionally, Stephen J. Dannhauser, former chairman of Weil, Gotshal & Manges LLP, has joined the Board as an Independent Director. Laurence Penn, CEO of EFC, expressed confidence in both leadership appointments, highlighting their expertise and contributions to the company's future growth.
