Will EFC’s 12.9 Percent Dividend Get a Pop Tomorrow?
Will EFC’s 12.9 Percent Dividend Get a Pop Tomorrow? (DividendChannel)
Here’s another income investment to keep a close eye on: Ellington Financial, LLC (EFC). EFC is a specialty finance company that acquires and manages mortgage-related assets in the United States and could boost its already high current dividend yield of 12.9 percent. Such an announcement could come tomorrow when EFC reports Q4 and full-year earnings for 2013. With consensus analyst estimates for revenue growth in Q4 at 48 percent, the company may generate sufficient cash flow to reward investors with a dividend increase. We’ll find out tomorrow.