MREIT Ellington Residential (EARN) will cut its monthly dividend by 20% to 8 cents per share. Ellington Residential Mortgage REIT today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on June 27, 2022 to shareholders of record as of May 31, 2022.
Last October EARN switched to monthly dividend payments.
Ellington Residential Mortgage REIT is a mortgage real estate investment trust that specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets, with a primary focus on residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. government agency or a U.S. government-sponsored enterprise. Ellington Residential Mortgage REIT is externally managed and advised by Ellington Residential Mortgage Management LLC, an affiliate of Ellington Management Group, L.L.C.