Ellington Financial's Series A Preferred Stock Crosses Above 7% Yield Territory
February 10, 2021 at 14:29 PM EST
In trading on Wednesday, shares of Ellington Financial Inc's 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (EFC. RA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.6875), with shares changing hands as low as $23.89 on the day.