Ellington Financial's Series B Preferred Stock Crosses Above 7.5% Yield Territory

In trading on Wednesday, shares of Ellington Financial Inc's 6.25% Series B Reset Rate Cumul Redeem Prfd Stock (EFC. RB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $20.71 on the day.