MFA Financial, Inc. (NYSE:MFA) Plans $0.36 Quarterly Dividend

MFA Financial, Inc. (NYSE:MFA) declared a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.36 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

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

NYSE MFA opened at $9.29 on Friday. The business’s fifty day moving average price is $9.71 and its 200-day moving average price is $9.75. The stock has a market capitalization of $943.36 million, a price-to-earnings ratio of 10.67 and a beta of 1.43. MFA Financial has a 1-year low of $8.78 and a 1-year high of $10.56.

MFA Financial (NYSE:MFA) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $43.31 million for the quarter, compared to the consensus estimate of $67.52 million. MFA Financial had a net margin of 17.80% and a return on equity of 6.86%. During the same period in the previous year, the company earned $0.29 earnings per share.

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.