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| Ellington Financial's Series B Preferred Stock Crosses Above 7.5% Yield TerritoryBy Preferred Stock Channel Staff, Wednesday, March 6, 2:09 PM ET
In trading on Wednesday, shares of Ellington Financial Inc's 6.25% Series B Reset Rate Cumul Redeem Prfd Stock (NYSE:EFC.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $20.71 on the day. This compares to an average yield of 7.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, EFC.PRB was trading at a 16.60% discount to its liquidation preference amount, versus the average discount of 13.29% in the "Real Estate" category. The chart below shows the one year performance of EFC.PRB shares, versus EFC:
Below is a dividend history chart for EFC.PRB, showing historical dividend payments on Ellington Financial Inc's 6.25% Series B Reset Rate Cumul Redeem Prfd Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Ellington Financial Inc's 6.25% Series B Reset Rate Cumul Redeem Prfd Stock (NYSE:EFC.PRB) is currently up about 0.1% on the day, while the common shares (NYSE:EFC) are up about 1.2%.
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