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

MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Thursday, March 5th. Investors of record on Tuesday, March 31st will be given a dividend of 0.36 per share by the real estate investment trust on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

MFA Financial has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive 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 $10.16 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of 7.88 and a beta of 1.57. The firm has a 50 day simple moving average of $9.83 and a 200-day simple moving average of $9.63. MFA Financial has a 1-year low of $7.85 and a 1-year high of $11.08.

MFA Financial (NYSE:MFA) last announced its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. MFA Financial had a net margin of 23.73% and a return on equity of 6.67%. The company had revenue of $88.72 million for the quarter, compared to analyst estimates of $60.56 million. During the same quarter last year, the business earned $0.39 EPS. As a group, sell-side analysts expect that MFA Financial will post 1.5 earnings per share for the current fiscal year.

About MFA Financial

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.