Ellington Financial (EFC) Lowers Quarterly Dividend 80.5% to $0.08, 4.1% Yield; Provides Business Update on COVID-19 Outbreak

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Go back to Ellington Financial (EFC) Lowers Quarterly Dividend 80.5% to $0.08, 4.1% Yield; Provides Business Update on COVID-19 Outbreak

Ellington Financial Announces Estimated Book Value Per Common Share and Provides Business Updates Due to COVID-19

April 7, 2020 10:05 PM EDT

Declares Dividend of $0.08 Per Common Share, Payable May 26, 2020

Has Strategically Lowered Leverage and Enhanced Liquidity

OLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Financial Inc. (NYSE: EFC) (the "Company") today provided the following updates with respect to certain aspects of its portfolio, business operations, dividends, and liquidity, given the market-related and other impacts of COVID-19.

Book Value Per Common Share: As of March 31, 2020, estimated book value per common share1 was $15.08. Common and Preferred Dividends:... More