EARN Stock Recent News

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on November 25, 2024 to shareholders of record as of October 31, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forwar.

The recent Federal Reserve interest rate cut benefits REITs, including Ellington Credit, which has struggled with high rates but now shows potential for improved performance. EARN stands out for its strong dividend payments and attractive price-to-distributable earnings per share, making it a solid choice for income investors. Trading at a price/book ratio close to 1, Ellington Credit's assets are expected to increase in value with declining interest rates, enhancing its investment appeal.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on October 25, 2024 to shareholders of record as of September 30, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forwa.

Ellington Credit Company (NYSE:EARN ) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Chris Smernoff - CFO Mark Tecotzky - Co-CIO Gregory Borenstein - Co-Head of Corporate Credit JR Herlihy - COO Conference Call Participants Jason Weaver - JonesTrading Eric Hagen - BTIG Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Ellington Credit Company 2024 Second Quarter Financial Results Conference Call.

Ellington Credit (EARN) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.17 per share a year ago.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our"), today reported financial results for the quarter ended June 30, 2024. Highlights Net income (loss) of $(0.8) million, or $(0.04) per share. Adjusted Distributable Earnings1 of $7.3 million, or $0.36 per share. Book value of $6.91 per share as of June 30, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net in.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended June 30, 2024 after market close on Monday, August 12, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Tuesday, August 13, 2024. To participate in the event by telephone, please dial (800) 579-2543 at least 10 minutes prior to the start time and reference the conferen.

Here is how Ellington Credit (EARN) and Credicorp (BAP) have performed compared to their sector so far this year.

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on August 26, 2024 to shareholders of record as of July 31, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-loo.

Ellington Credit Co. rebranded in April 2024, shifting focus from Mortgage-Backed Securities to Collateralized Debt Obligations. The company plans to maintain a $0.08 per share per month dividend, with a 5% discount to book value. Ellington Credit's transition to CLO investments may lead to less earnings volatility and a higher quality of earnings, making it a 'Buy' for passive income investors.