Ellington Financial Declares Quarterly Dividend of $0.77 (EFC)
Ellington Financial (NYSE:EFC) announced a quarterly dividend on Tuesday, February 11th, StockRatingsNetwork.com reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.77 per share on Monday, March 17th. This represents a $3.08 annualized dividend and a dividend yield of 12.69%.
On a related note, analysts at Zacks upgraded shares of Ellington Financial from an “underperform” rating to a “neutral” rating in a research note on Tuesday, November 19th. They now have a $24.30 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.58.
Shares of Ellington Financial (NYSE:EFC) traded up 0.21% on Tuesday, hitting $24.27. The stock had a trading volume of 89,650 shares. Ellington Financial has a one year low of $21.12 and a one year high of $26.99. The stock has a 50-day moving average of $23.42 and a 200-day moving average of $22.90. The company has a market cap of $617.1 million and a P/E ratio of 6.23.
Ellington Financial LLC (NYSE:EFC) is a specialty finance company, which specializes in acquiring and managing mortgage-related assets.
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