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

by · The Markets Daily

MFA Financial, Inc. (NYSE:MFA – Get Free Report) announced a quarterly dividend on Thursday, December 11th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.36 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Wednesday, December 31st.

MFA Financial has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. MFA Financial has a payout ratio of 104.3% indicating that 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 traded up $0.02 on Friday, hitting $9.65. The company had a trading volume of 295,480 shares, compared to its average volume of 1,323,212. MFA Financial has a 12-month low of $7.85 and a 12-month high of $11.08. The company’s fifty day moving average price is $9.24 and its 200-day moving average price is $9.48. The company has a market capitalization of $985.72 million, a PE ratio of 11.36 and a beta of 1.61.

MFA Financial (NYSE:MFA – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). The company had revenue of $101.03 million during the quarter, compared to analysts’ expectations of $57.40 million. MFA Financial had a net margin of 17.51% and a return on equity of 7.26%. During the same period in the prior year, the business posted $0.37 earnings per share. On average, sell-side analysts anticipate that MFA Financial will post 1.5 EPS for the current year.

About MFA Financial

(Get Free Report)

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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