dividend
confidence high
sentiment neutral
materiality 0.65
Ellington Financial declares $0.13 common monthly dividend and Series E preferred redemption at ~$25.54/share
Ellington Financial Inc.
- Common stock dividend of $0.13 per share, payable January 27, 2025 to holders of record December 31, 2024.
- Quarterly dividends declared on Series A ($0.641878), B ($0.390625), C ($0.5390625), and D ($0.4375) preferred shares.
- Redemption of all 957,133 outstanding Series E preferred shares on December 13, 2024 at estimated $25.540558 per share.
- Series E redemption price equals $25.00 liquidation preference plus $0.540558 accrued dividends.
- Previously announced Series E redemption proceeds as planned; no change to common dividend rate from prior month.