Ellington Financial Keeps Dividend Steady

Rich Duprey, The Motley Fool
Updated

Specialty-finance company Ellington Financialannounced yesterday its second-quarter dividend of $0.77 per share, the same rate it's paid the last two quarters after raising the payout 10%, from $0.70 per share.

The board of directors said the quarterly dividend is payable on Sept. 16 to the holders of record at the close of business on Aug. 30. It paid a special dividend of $0.75 per share in December 2012.

The regular dividend payment equates to a $3.08-per-share annual dividend, yielding 13.7% based on the closing price today of Ellington Financial's stock.


EFC Dividend Chart
EFC Dividend Chart

EFC Dividend data by YCharts
Chart reflects the payment of a special dividend in December 2012

The article Ellington Financial Keeps Dividend Steady originally appeared on Fool.com.

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Originally published