Categories: BankingDividends

Will EFC’s 12.9 Percent Dividend Get a Pop Tomorrow?

Will EFC’s 12.9 Percent Dividend Get a Pop Tomorrow? (DividendChannel)

Here’s another income investment to keep a close eye on: Ellington Financial, LLC (EFC). EFC is a specialty finance company that acquires and manages mortgage-related assets in the United States and could boost its already high current dividend yield of 12.9 percent. Such an announcement could come tomorrow when EFC reports Q4 and full-year earnings for 2013. With consensus analyst estimates for revenue growth in Q4 at 48 percent, the company may generate sufficient cash flow to reward investors with a dividend increase. We’ll find out tomorrow.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.

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