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Ellington Residential Mortgage ( (EARN) ) just unveiled an announcement.
On May 7, 2025, Ellington Credit Company announced that its Board of Trustees declared a monthly dividend of $0.08 per share, which will be payable on June 30, 2025, to shareholders of record as of May 30, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may influence its market positioning by demonstrating financial stability and shareholder value.
Spark’s Take on EARN Stock
According to Spark, TipRanks’ AI Analyst, EARN is a Neutral.
Ellington Residential Mortgage’s overall score reflects its mixed financial performance, with inconsistent revenue and cash flow but a stable balance sheet. Technical analysis indicates a currently weak stock trend, though valuation offers a high dividend yield. The absence of debt and strategic moves like the closed-end fund conversion are positive, but market volatility remains a risk.
To see Spark’s full report on EARN stock, click here.
More about Ellington Residential Mortgage
Ellington Credit Company is a non-diversified closed-end fund that primarily invests in collateralized loan obligations (CLOs), focusing on mezzanine debt and equity tranches. The fund is managed by an affiliate of Ellington Management Group, L.L.C., a prominent fixed-income investment manager established in 1994, leveraging its expertise in portfolio management, credit analysis, and risk management.
Average Trading Volume: 847,548
Technical Sentiment Signal: Sell
Current Market Cap: $199.8M
Learn more about EARN stock on TipRanks’ Stock Analysis page.
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