Chronicle Journal: Finance

Ellington Financial's Series A Preferred Stock Yield Pushes Past 8%

In trading on Tuesday, shares of Ellington Financial Inc's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (EFC. RA) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $20.97 on the day.
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