MFA Financial, Inc. (NYSE:MFA) to Issue Quarterly Dividend of $0.36

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Monday, October 5th will be given a dividend of 0.36 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 17.5%. The ex-dividend date of this dividend is Monday, October 5th.

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

MFA Financial Stock Performance

NYSE MFA traded down $0.10 during trading hours on Thursday, reaching $8.22. The company’s stock had a trading volume of 461,708 shares, compared to its average volume of 1,491,112. The company’s 50-day moving average is $8.94 and its two-hundred day moving average is $9.42. MFA Financial has a fifty-two week low of $8.23 and a fifty-two week high of $10.43. The stock has a market cap of $831.47 million, a PE ratio of 8.22 and a beta of 1.41.

MFA Financial Company Profile

MFA Financial, Inc is a real estate investment trust (REIT) that focuses primarily on residential mortgage assets. The company invests in and manages a portfolio that may include agency and non-agency mortgage-backed securities, residential whole loans, mortgage servicing rights and other residential credit investments.

MFA’s investment activities are designed to provide exposure to the U.S. residential housing and mortgage markets. Through its affiliated businesses, the company also participates in residential lending, including financing for single-family rental properties and residential real estate investors.

Founded in 1997 and headquartered in New York City, MFA Financial has operated as a publicly traded mortgage REIT since its initial public offering in 1998.