Ellington Financial Inc (EFC) is currently in oversold territory, with shares trading as low as $11.41 on Monday, falling below a Relative Strength Index (RSI) of 30, which is typically indicative of oversold conditions. The RSI for EFC is reported at 29.98, compared to the average RSI of 29.5 for the broader dividend stock universe.
With an annualized dividend of $1.56 per share and a current share price of $12.43, EFC offers a substantial annual yield of 12.55%. Investors may find this pricing presents an opportunity for higher dividend capture, especially as heavy selling appears to be diminishing.
