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| Ellington Financial's Series C Preferred Stock Yield Pushes Past 10%By Preferred Stock Channel Staff, Tuesday, October 31, 3:06 PM ET
In trading on Tuesday, shares of Ellington Financial Inc's 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock (NYSE:EFC.PRC) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.1562), with shares changing hands as low as $21.55 on the day. This compares to an average yield of 8.79% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, EFC.PRC was trading at a 13.36% discount to its liquidation preference amount, versus the average discount of 23.67% in the "Real Estate" category. The chart below shows the one year performance of EFC.PRC shares, versus EFC:
Below is a dividend history chart for EFC.PRC, showing historical dividend payments on Ellington Financial Inc's 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Ellington Financial Inc's 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock (NYSE:EFC.PRC) is currently up about 0.4% on the day, while the common shares (NYSE:EFC) are up about 1.9%.
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