---
schema_version: "secwatch.filing_event.v1"
accession: "0001411342-24-000016"
form_type: "8-K"
ticker: "EFC"
cik: "0001411342"
company_name: "Ellington Financial Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:21:40.127263+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ellington Financial Q4 net income $0.18/share; proposes monthly dividend cut to $0.13

## Summary
- Q4 2023 net income to common $12.5M ($0.18/share); Adj. Distributable Earnings $18.9M ($0.27/share).
- Management recommends reducing monthly dividend from $0.15 to $0.13 starting March, implying 12.8% yield.
- Book value per share $13.83; merger with Arlington closed Dec 14 ~1.1% dilutive to book value.
- Credit portfolio net income $12.7M; Agency $14.6M; Longbridge net loss $3.4M.
- Recourse debt-to-equity 2.0:1; total debt-to-equity 8.6:1.

## SEC filing metadata
- accession: 0001411342-24-000016
- form_type: 8-K
- ticker: EFC
- cik: 0001411342
- company_name: Ellington Financial Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/efc-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001411342-24-000016
- JSON: https://secwatch.observer/filing/0001411342-24-000016.json
- Plain text: https://secwatch.observer/filing/0001411342-24-000016.txt

## Key facts
- Earnings Releases
  Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.
  - Period: quarter ended December 31, 2023
  - Net income: Adjusted Distributable Earnings of $18.9 million
  - EPS: $0.27 per common share
  - Result: reported results
  source text: Net income attributable to common stockholders of $12.5 million, or $0.18 per common share. 1 ◦ $27.3 million, or $0.38 per common share, from the investment portfolio.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm
- Earnings Releases
  Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.
  - Period: quarter ended December 31, 2023
  - Net income: Adjusted Distributable Earnings of $18.9 million
  - EPS: $0.27 per common share
  - Result: reported results
  source text: $14.6 million, or $0.20 per common share, from the Agency strategy.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm
- Earnings Releases
  Ellington Financial Inc. reported quarter ended December 31, 2023 results: net income Adjusted Distributable Earnings of $18.9 million, EPS $0.27 per common share.
  - Period: quarter ended December 31, 2023
  - Net income: Adjusted Distributable Earnings of $18.9 million
  - EPS: $0.27 per common share
  - Result: reported results
  source text: Adjusted Distributable Earnings 2 of $18.9 million, or $0.27 per common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm
- Earnings Releases
  Ellington Financial Inc. updated its quarter ended December 31, 2023 guidance (lowered).
  - Period: quarter ended December 31, 2023
  - Guidance: lowered
  - Result: guidance update
  source text: Management expects to recommend to our board of directors a reduction of the monthly dividend from $0.15 to $0.13 per share, beginning in March
  evidence_url: https://www.sec.gov/Archives/edgar/data/1411342/000141134224000016/0001411342-24-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.