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Ellington Financial moving to monthly dividend

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Ellington Financial moving to monthly dividend

Ellington Financial Inc. is transitioning to a monthly dividend payout structure from a quarterly one.

The company's board initiated a monthly dividend of 14 cents per share, payable April 25 to shareholders of record as of March 29.

The monthly dividend amounts to an annualized payout of $1.68 per share, representing a 2.4% increase over the previous annualized payout of $1.64.