Ellington Financial's Series A Preferred Stock Crosses Above 6.5% Yield Territory

By Preferred Stock Channel Staff, Monday, September 20, 2:50 PM ET

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In trading on Monday, shares of Ellington Financial Inc's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:EFC.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $25.85 on the day. This compares to an average yield of 6.13% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, EFC.PRA was trading at a 5.04% premium to its liquidation preference amount, versus the average premium of 5.51% in the "Real Estate" category.

The chart below shows the one year performance of EFC.PRA shares, versus EFC:

Performance Comparison Chart

Below is a dividend history chart for EFC.PRA, showing historical dividend payments on Ellington Financial Inc's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:

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In Monday trading, Ellington Financial Inc's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:EFC.PRA) is currently down about 1.6% on the day, while the common shares (NYSE:EFC) are down about 0.6%.

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Ellington Financial's Series A Preferred Stock Crosses Above 6.5% Yield Territory

Ellington Financial's Series A Preferred Stock Crosses Above 6.5% Yield Territory | www.PreferredStockChannel.com