Ellington Financial Series B Cumulative Perpetual Redeemable Preferred Stock Goes Ex-Dividend Soon
On 12/20/24, Ellington Financial Inc’s 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock (Symbol: EFC.PRD) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 12/30/24. As a percentage of EFC.PRD’s recent share price of $23.75, this dividend works out to approximately 1.84%, so look for shares of EFC.PRD to trade 1.84% lower — all else being equal — when EFC.PRD shares open for trading on 12/20/24. On an annualized basis, the current yield is approximately 7.37%, which compares to an average yield of 7.81% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of EFC.PRD shares, versus EFC:
Below is a dividend history chart for EFC.PRD, showing historical dividends prior to the most recent $0.4375 on Ellington Financial Inc’s 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock:
In Wednesday trading, Ellington Financial Inc’s 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock (Symbol: EFC.PRD) is currently up about 3.3% on the day, while the common shares (Symbol: EFC) are up about 0.7%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
