SmarterDividends
EARN

Ellington Credit Company

EARN

Financial Services · Asset Management · Stock · monthly payer

$3.73

Undervalued · +177% Add to Portfolio

Forward Yield

25.74%

Annual Dividend

$0.96

Payout Ratio

0%

5-Yr Growth

-22.2%

Ex-Date

Oct 30, 2026

Frequency

Monthly

Key facts about EARN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Ellington Credit Company (EARN) has a forward dividend yield of 25.74%, based on an annual dividend of $0.96 per share and a share price of $3.73.
  • As of Oct 27, 2026, EARN's dividend safety grade from SmarterDividends is C (52 out of 100), which rates the dividend as borderline.
  • EARN last cut its regular dividend in 2022.
  • EARN's next ex-dividend date is Oct 30, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • EARN's dividend has shrunk at an average rate of 22.2% a year over the past five years.
  • As of Oct 27, 2026, EARN's 25.74% yield is 89% above its five-year average yield of 13.63%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for EARN is $10.33 per share, 177% above the $3.73 share price, so EARN screens as undervalued.
  • Ellington Credit Company (EARN) pays its dividend monthly, 12 times a year.
  • Ellington Credit Company (EARN) has raised its regular dividend 3 times and cut it 7 times across the 95 payments on record since 2013. Its most recent change was a 20.0% cut to $0.0800 per share, going ex-dividend on May 27, 2022.
Cite this page

SmarterDividends, "EARN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/EARN

Summary

As of Oct 27, 2026, Ellington Credit Company (EARN) yields 25.74% ($0.96 a year per share) and has a dividend safety grade of C (52/100).

Is EARN a good dividend stock?

Mixed

Ellington Credit Company (EARN) pays a monthly dividend yielding 25.74% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2022
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    25.74%
    Payout Ratio
    0%
    Annual Dividend
    $0.96
    5-Yr Avg Growth
    -22.2%
    Ex-Dividend Date
    Oct 30, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    1.30
    Market Cap
    $146.6M
    P/E Ratio
    —
    5-Yr Total Return
    -66%
    52-Week Range
    $3.22 – $5.72
    Dividend Safety
    C · 52/100
    Ever Cut?
    Yes (2022)

    EARN dividend raises and cuts

    Ellington Credit Company (EARN) has raised its regular dividend 3 times and cut it 7 times across the 95 payments on record since 2013. Its most recent change was a 20.0% cut to $0.0800 per share, going ex-dividend on May 27, 2022.

    Ex-dateChangeOld → newMove
    May 27, 2022Cut$0.100 → $0.0800−20.0%
    Oct 28, 2021Cut$0.300 → $0.100−66.7%
    Jun 29, 2021Raise$0.280 → $0.300+7.1%
    Jun 27, 2019Cut$0.340 → $0.280−17.6%
    Dec 28, 2018Cut$0.370 → $0.340−8.1%
    Dec 28, 2017Cut$0.400 → $0.370−7.5%
    Jun 28, 2016Cut$0.450 → $0.400−11.1%
    Sep 28, 2015Cut$0.550 → $0.450−18.2%
    Mar 27, 2014Raise$0.500 → $0.550+10.0%
    Sep 25, 2013Raise$0.140 → $0.500+257.1%
    Every EARN payment →Download every raise and cut (CSV)
    EARN ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →EARN dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is EARN a good dividend stock?

    Mixed. Ellington Credit Company (EARN) pays a monthly dividend yielding 25.74% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is EARN undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EARN's fair value is about $10.33 versus a $3.73 share price — so it looks undervalued (+177% vs. fair value).

    Is EARN's dividend safe?

    EARN has a dividend-safety grade of C (52/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

    What is EARN's fair value?

    Our blended fair-value estimate for EARN is about $10.33 per share, roughly 177% above the current $3.73 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is EARN a buy, hold, or sell?

    We don't issue formal ratings, but on the data EARN screens as "mixed" and undervalued. Ellington Credit Company (EARN) pays a monthly dividend yielding 25.74% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will EARN cut its dividend?

    EARN earns a dividend-safety grade of C (52/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does EARN pay a dividend?

    Yes. Ellington Credit Company pays a monthly dividend of about $0.96 per share annually, a forward yield of roughly 25.74%.

    What is EARN's dividend yield?

    As of Oct 27, 2026, EARN's forward dividend yield is 25.74%, based on a $0.96 annual dividend and a $3.73 share price.

    What is EARN's dividend per share?

    As of Oct 27, 2026, EARN pays $0.96 per share per year, distributed on a monthly basis.

    What is EARN's dividend payout ratio?

    As of Oct 27, 2026, EARN's payout ratio is 0% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

    How many years has EARN grown its dividend?

    EARN does not currently have a long dividend-growth streak on record.

    When is the next EARN ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for EARN is Oct 30, 2026.

    Income Calculator

    At $0.96 / yr per share

    Per payment (monthly)$8.00
    Annual$96.00
    Monthly avg$8.00

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