NYSE: EARN)

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•  Ellington Residential Mortgage REIT (NYSE: EARN) AKA Ellington Credit Company
• Yield: 14.26%
• Shares for $15,000: 2,228
• Total monthly dividend income: ~$178.25

Recently rebranded as Ellington Credit Company, the former Ellington Residential Mortgage REIT is a registered Real Estate Investment Trust, and as such, is required to distribute 90% of its taxable income as dividends to shareholders. Founded in 2012, the bulk of Ellington Credit Company’s activities are in managing its portfolio of mortgage backed securities (MBS), which are a mix of US federal government agency issues from entities such as Fannie Mae or Freddie Mac, and private mortgage backed securities, which can include some subprime loans.The three largest institutional shareholders are: Vanguard Total Stock Market Index Inv (2.46% of total shares), Vanguard Institutional Extended Market (1.43%), and Hoya Capital High Dividend Yield (0.55%).