Know the company
Company overview
Ellington Financial invests across mortgage securities, home loans, consumer credit and other lending assets. Interest and loan payments provide income, while buying, selling and financing the portfolio can add gains or losses. Borrowing, hedging, operating costs and credit losses all come out before earnings can support the dividend. This mix offers several income sources, but also makes the quality of each source important.
- Business
- REIT
- Listing
- EFC · XNYS
- Reporting period
- 2026-06-30
- Dividend schedule
- Monthly
- Next declared payment
- $0.13 per common share on 2026-10-30
How the business works
The distribution is supported by adjusted distributable earnings generated after the portfolio’s investment income is weighed against the cost of repurchase agreements and other financing, hedging expenses, credit costs, and corporate expenses. Ellington Financial can also reposition assets as mortgage and credit opportunities change. This structure can create attractive income when asset yields and financing costs are favorable, but it also means distribution capacity can change quickly when borrowing costs rise, spreads widen, prepayments shift, or credit conditions weaken.