MFA Financial, Inc. (NYSE:MFA – Get Free Report) declared 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) dividend on an annualized basis and a yield of 17.5%. The ex-dividend date of this dividend is Monday, October 5th.
MFA Financial has increased its dividend 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
Shares of NYSE:MFA traded down $0.10 during midday trading on Thursday, hitting $8.22. The company had a trading volume of 461,708 shares, compared to its average volume of 1,491,112. MFA Financial has a twelve month low of $8.23 and a twelve month high of $10.43. The stock has a market cap of $831.47 million, a price-to-earnings ratio of 8.22 and a beta of 1.41. The business’s 50-day simple moving average is $8.94 and its 200-day simple moving average is $9.42.
About MFA Financial
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.
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