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Ellington Financial Stock Is Attracting Institutional Investors In Droves
The dividend stock currently offers better than a 12% annual return
Although dividend stocks aren’t the fastest horses in investing, the right ones can prove to be a major boon to a portfolio. There are many stocks that offer payouts to shareholders on regular intervals, but one with emerging upside is mortgage Real Estate Investment Trust (mREIT) Ellington Financial, Inc. (EFC), which currently offers a $0.13 per share monthly dividend.
According to their website, Ellington Financial:
“Our primary objective is to generate attractive, risk-adjusted total returns for our stockholders by making investments that we believe compensate us appropriately for the associated risks. Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, strategic debt and equity investments in loan origination companies, and other strategic investments.”
The company has a market cap of around $1 billion. A recent report revealed that 79% of their equity is…
