Ellington Financial's Series B Preferred Stock Shares Cross 8% Yield Mark

In trading on Thursday, shares of Ellington Financial Inc's 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock (EFC. RD) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $21.71 on the day.