Is Ellington Financial (EFC) a Hidden Gem Among Highest Dividend Stocks?

Ellington Financial Inc. (NYSE:EFC) is included among the 10 Stocks with Highest Dividend to Buy Right Now.

Ellington Financial Inc. (NYSE:EFC), a specialty finance firm based in Connecticut, invests in a wide range of financial assets, including mortgage-related, consumer, and corporate holdings.

Ellington Financial Inc. (NYSE:EFC) has been performing well this year, particularly after the company projected higher adjusted distributable earnings for the second quarter. It expects net income per share to fall between $0.43 and $0.47, ahead of the $0.37 consensus estimate. As of June 30, its book value per share is projected to be between $13.47 and $13.51. The stock has surged by nearly 9%.

Ellington Financial Inc. (NYSE:EFC) is a strong dividend payer, as the company pays monthly dividends to shareholders. On July 8, the company declared a monthly dividend of $0.13 per share, which was in line with its previous dividend. Overall, it has been paying regular dividends to shareholders for 15 consecutive years. The stock has a dividend yield of 11.78%, as of July 27.

While we acknowledge the potential of EFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.