Ellington Financial (EFC) Shares Down Despite Dividend Announcement

By Bobby Samwell • Tuesday, January 09 13:39 • Permanent Link

Ellington Financial Inc. (NYSE: EFC) has declared a monthly dividend of $0.15 per share of common stock. The dividend is payable on February 26, 2024, to stockholders of record as of January 31, 2024. This announcement reflects the company's commitment to providing returns to its shareholders.

CEO Laurence Penn commented on the outlook, stating, "We are pleased to continue our track record of consistent dividend payments to our shareholders. This dividend declaration underscores our confidence in the strength of our business and our ongoing commitment to delivering value."

The stock of Ellington Financial moved 0.8% in response to this news, reaching a trading price of $12.59 per share. Investors will likely be monitoring the company closely leading up to the dividend payout date.

For further details, the company's full 8-K submission is available here.

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