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

MFA Financial, Inc. (NYSE:MFA) declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Monday, October 5th will be paid a dividend of $0.36 per share by the real estate investment trust on Friday, October 30th. This represents a $1.44 annualized dividend and a yield of 17.7%. The ex-dividend date of this dividend is Monday, October 5th.

MFA Financial has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. MFA Financial has a 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 Price Performance

Shares of MFA opened at $8.15 on Friday. The firm has a market cap of $823.98 million, a PE ratio of 8.15 and a beta of 1.41. MFA Financial has a 1 year low of $8.15 and a 1 year high of $10.43. The stock’s fifty day moving average price is $8.91 and its two-hundred day moving average price is $9.41.

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.