Ellington Financial Keeps Dividend Steady

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 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.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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