MFA Financial, Inc. (MFA) To Go Ex-Dividend on June 30th

MFA Financial, Inc. (NYSE:MFA) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.36 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 14.7%. The ex-dividend date is Tuesday, June 30th.

MFA Financial has raised its dividend by an average of 0.2%annually 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 Stock Performance

MFA stock opened at $9.80 on Friday. The firm has a market cap of $995.78 million, a price-to-earnings ratio of 11.27 and a beta of 1.43. The firm has a 50-day simple moving average of $9.63 and a two-hundred day simple moving average of $9.75. MFA Financial has a one year low of $8.78 and a one year high of $10.56.

MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). MFA Financial had a net margin of 17.80% and a return on equity of 6.86%. The company had revenue of $43.30 million for the quarter, compared to analyst estimates of $67.52 million. During the same quarter last year, the company earned $0.29 EPS.

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.