Ellington Credit Dividend
Dividend criteria checks 3/6
Ellington Credit is a dividend paying company with a current yield of 13.39%. Next payment date is on 25th June, 2024 with an ex-dividend date of 31st May, 2024.
Key information
13.4%
Dividend yield
313%
Payout ratio
| Industry average yield | 11.7% |
| Next dividend pay date | 25 Jun 24 |
| Ex dividend date | 31 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$0.23 |
| Dividend yield forecast in 3Y | 13.4% |
Recent dividend updates
Recent updates
EARN: 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 03Ellington Residential Mortgage REIT declares $0.08 dividend
Dec 07Ellington Residential Mortgage REIT Non-GAAP EPS of $0.23 misses by $0.01, TII of $5.19M beats by $0.69M
Nov 09Ellington Residential Mortgage REIT declares $0.08 dividend
Oct 06Ellington Residential Mortgage REIT declares $0.08 dividend
Sep 08Ellington Residential Mortgage REIT: Horrific Market But Dividend Looks Good
Aug 21Ellington Residential Mortgage REIT declares $0.08 dividend
Aug 04Ellington Residential Mortgage REIT declares $0.08 dividend
Jul 08Ellington Residential: 11.6% Yield, Trading At 0.81x Book Value
Jun 03Ellington Residential: 12% Below NAV But No Dividend Consistency Yet
Jan 21Upcoming Dividend Payment
Stability 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 increased over the past 10 years.
Dividend Yield vs Market
| Ellington Credit Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (EARN) | 13.4% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.6% |
| Industry Average (Mortgage REITs) | 11.7% |
| Analyst forecast in 3 Years (EARN) | 13.4% |
Notable Dividend: EARN's dividend (13.39%) is higher than the bottom 25% of dividend payers in the US market (1.51%).
High Dividend: EARN's dividend (13.39%) is in the top 25% of dividend payers in the US market (4.68%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (313.2%), EARN's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: EARN is paying a dividend but the company has no free cash flows.