EARN Stock — Ellington Residential Mortgage

Ellington Residential Mortgage (EARN)

Updated October 16, 2026.

EARN is a Stock. its distribution rate is 27.75%, its trailing-12-month yield is 27.75%. Dividend Vision Distribution Safety Score™ is 18/100 (High risk). Total return is 6.3% over the past 13.5 years, 499.7 points behind SPY at 506.0%.

Ellington Credit Company is a closed-end investment company that generates current yields by investing primarily in collateralized loan obligations, including mezzanine debt and equity tranches. The company distributes monthly and currently offers a high distribution rate. It appeals to income-focused investors seeking elevated yield opportunities, though such structures typically carry corresponding credit and market risks.

EARN performance versus SPY

Price and return data through 2026-10-16.

Total return is 6.3% over the past 13.5 years, 499.7 points behind SPY at 506.0%. Over the past year its total return — price change plus distributions reinvested — is -17.6%. Its deepest 1-year drawdown was 33.2%.

EARN key facts

Distribution Safety Score™

18 · High risk

Safety-Adjusted Yield

5.00%

Asset type

Stock

Asset class

Equity

Inception date

05/01/2013

Distribution rate

27.75%

Distribution frequency

Monthly

Trailing yield

27.75%

Last close

$3.46 (as of 2026-10-16)

Market cap

$135,978,000

Average volume

726242.0

Dividend

$0.08

Ex-dividend date

09/30/2026

Payment date

10/30/2026

Beta

1.303

Payout ratio

41.0%

Forward P/E

5.8275

EPS

$-1.03

How Dividend Vision calculates yield and returns

Distribution rate (27.75%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (27.75%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

EARN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 33.2%.

Who may consider EARN — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on EARN

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Tagged: Financials, Dividend.

Frequently asked questions