Ellington Financial Inc. (NYSE:EFC) has declared a monthly dividend of $0.13 per share, which equates to an annualized payout of $1.56 and a 12.2% yield. The dividend is currently covered by earnings with a 91.2% payout ratio, although analysts forecast a slightly higher payout ratio of 93.4% for the coming year. The stock holds an average analyst rating of “Moderate Buy” with a target price of $14.55.
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Ellington Financial Inc. to Issue Monthly Dividend of $0.13 (NYSE:EFC)
Ellington Financial Inc. (NYSE:EFC) has declared a monthly dividend of $0.13 per share, which equates to an annualized payout of $1.56 and a 12.2% yield. The dividend is currently covered by earnings with a 91.2% payout ratio, although analysts forecast a slightly higher payout ratio of 93.4% for the coming year. The stock holds an average analyst rating of “Moderate Buy” with a target price of $14.55.