Ellington Financial reports Q4 results, reduces dividend (NYSE:EFC)

Press Room

2 years ago

Ellington Financial press release (NYSE:EFC): Q4 adjusted Distributable Earnings of $18.9 million, or $0.27 per common share.
Book value per common share as of December 31, 2023 of $13.83, including the effects of dividends of $0.45 per common share for the quarter.
Management expects to recommend to our board of directors a reduction of the monthly dividend from $0.15 to $0.13 per share, beginning in March, which would imply a dividend yield of 12.8% based on the February 23, 2024 closing stock price of $12.16 per share.

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