Ellington Financial Inc.Continues Dividend Declarations Despite Market Reaction: Common and Preferred Dividends Announced
Old Greenwich, Conn.- Ellington Financial Inc.(NYSE: EFC) has once again demonstrated its commitment to providing value to its shareholders by declaring both common and preferred dividends.The Board of Directors has announced a monthly dividend of $0.13 per share of common stock, payable on July 25, 2024, to common stockholders of record as of June 28, 2024.Additionally, a quarterly dividend of $0.421875 per share on the Company’s 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock will be paid on July 30, 2024, to Series A preferred stockholders.
This announcement comes in the wake of Ellington Financial Inc.’s recent monthly dividend declaration on October 6, 2023.However, despite the company’s consistent dividend payouts, the market reacted with a dip in share price.Despite this temporary setback, Ellington Financial Inc.shares have seen a 1.53% increase over the past 30 days, bringing the year-to-date performance to -4.79%. Additionally, the shares are currently trading just 9.7% above their 52-week low.
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