MFA Financial, Inc. (MFA) to Issue Quarterly Dividend of $0.36 on April 30th

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.36 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 15.2%. The ex-dividend date is Tuesday, March 31st.

MFA Financial has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. MFA Financial has a dividend payout ratio of 104.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

MFA Financial Trading Down 2.9%

MFA stock opened at $9.46 on Friday. The stock has a market cap of $965.26 million, a PE ratio of 7.33 and a beta of 1.57. The company has a 50-day moving average price of $9.92 and a 200 day moving average price of $9.61. MFA Financial has a 12 month low of $7.85 and a 12 month high of $10.76.

MFA Financial (NYSE:MFA) last released its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $88.72 million during the quarter, compared to the consensus estimate of $60.56 million. MFA Financial had a return on equity of 6.67% and a net margin of 23.73%.During the same period last year, the company earned $0.39 earnings per share. Sell-side analysts forecast that MFA Financial will post 1.5 EPS for the current year.

MFA Financial Company Profile

MFA Financial, Inc, headquartered in New York City, is a real estate investment trust that specializes in investing in residential mortgage loans and mortgage-related securities. The company’s primary objective is to generate attractive risk-adjusted returns through net interest income and capital appreciation. As a mortgage REIT, MFA Financial focuses on constructing a diversified portfolio of agency and non-agency residential mortgage assets, leveraging its expertise in acquiring, financing and servicing mortgage products.

MFA Financial’s investment portfolio encompasses a wide range of mortgage instruments, including adjustable-rate and fixed-rate mortgage loans, interest-only securities, and agency mortgage-backed securities guaranteed by government-sponsored entities.