MFA Financial, Inc. (NYSE:MFA – Get Free Report) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Shareholders of record on Friday, September 27th will be given a dividend of 0.35 per share by the real estate investment trust on Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date of this dividend is Friday, September 27th.
MFA Financial has increased its dividend payment by an average of 8.4% annually over the last three years. MFA Financial has a dividend payout ratio of 84.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect MFA Financial to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 96.6%.
MFA Financial Stock Performance
MFA opened at $12.97 on Wednesday. The firm’s 50-day moving average price is $11.93 and its 200-day moving average price is $11.25. MFA Financial has a 52-week low of $8.41 and a 52-week high of $13.45.
Analyst Ratings Changes
View Our Latest Stock Analysis on MFA
About MFA Financial
MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.
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