Ellington Credit Company Declares Monthly Common Dividend of $0.08 Per Share
OLD GREENWICH, Conn. – Ellington Credit Company (NYSE: EARN), a leading credit-oriented asset manager, recently announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share. This dividend is payable on March 25, 2025, to shareholders of record as of February 28, 2025.
Impact on Shareholders
This dividend declaration marks a continuation of Ellington Credit Company’s commitment to returning value to its shareholders. The $0.08 per share dividend represents a 4.17% annualized yield based on the stock’s closing price on February 12, 2023. Shareholders who own Ellington Credit Company’s stock as of the record date will receive this dividend payment.
Forward-Looking Statements
Caution: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, and assumptions that could cause Ellington Credit Company’s actual results to materially differ from those suggested by the forward-looking statements.
Impact on the World
The declaration of Ellington Credit Company’s dividend is a reflection of the company’s financial performance and its commitment to its shareholders. While this dividend payment may not have a significant impact on the global economy, it is an important event for Ellington Credit Company’s shareholders. The payment represents a return on their investment and may contribute to their overall financial well-being.
Conclusion
In conclusion, Ellington Credit Company’s declaration of a monthly common dividend of $0.08 per share is a positive sign for its shareholders. This dividend payment, which will be payable on March 25, 2025, to shareholders of record as of February 28, 2025, marks a continuation of the company’s commitment to returning value to its investors. While the dividend may not have a significant impact on the global economy, it is an essential event for Ellington Credit Company’s shareholders, providing them with a return on their investment and contributing to their overall financial well-being.
- Ellington Credit Company declares a monthly common dividend of $0.08 per share.
- Dividend payable on March 25, 2025, to shareholders of record as of February 28, 2025.
- Represents a 4.17% annualized yield based on the stock’s closing price on February 12, 2023.
- Forward-looking statements in this press release are subject to risks and uncertainties.
- Impact on the global economy is minimal, but important for Ellington Credit Company’s shareholders.
