Ellington Credit Dividends and Buybacks
Dividend criteria checks 2/6
Ellington Credit is a dividend paying company with a current yield of 14.08%. Next payment date is on 27th January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
14.1%
Dividend yield
-40.5%
Buyback Yield
| Total Shareholder Yield | -26.4% |
| Future Dividend Yield | 14.1% |
| Dividend Growth | 1.0% |
| Next dividend pay date | 27 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | US$0.960 |
| Payout ratio | 94% |
Recent dividend and buyback updates
Recent updates
Ellington Credit: High Yield Is Not A Red Flag
Dec 23Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)
Dec 11Ellington Credit: Interest Rate Cuts Could Help The REIT
Sep 25Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount
Jul 04EARN: Transforming From A 14% Yielding REIT To A CLO CEF
Apr 18Ellington Residential's 14% Yield Could Be Sustainable In 2024
Mar 23Ellington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)
Sep 26Ellington Residential Mortgage REIT declares $0.08 dividend
Feb 07Ellington Residential Mortgage REIT declares $0.08 dividend
Jan 09Ellington Residential: Wait For A Drop Before Buying This 14% Yield
Jan 03Stability and Growth of Payments
Fetching dividends data
Stable Dividend: EARN's dividend payments have been volatile in the past 10 years.
Growing Dividend: EARN's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Ellington Credit Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (EARN) | 14.1% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Capital Markets) | 1.9% |
| Analyst forecast (EARN) (up to 3 years) | 14.1% |
Notable Dividend: EARN's dividend (14.08%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: EARN's dividend (14.08%) is in the top 25% of dividend payers in the US market (4.5%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (93.8%), EARN's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (1136.9%), EARN's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/06 16:29 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ellington Credit Company is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Hagen | BTIG |
| Douglas Harter | Credit Suisse |
| Stephen Laws | Deutsche Bank |