MFA Financial, Inc. (MFA) To Go Ex-Dividend on March 31st

MFA Financial, Inc. (NYSE:MFA) declared a quarterly dividend on Thursday, March 5th. Shareholders 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) annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

MFA Financial has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 1 consecutive 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 Trading Down 0.7%

Shares of NYSE:MFA opened at $10.10 on Friday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 7.83 and a beta of 1.57. MFA Financial has a 12 month low of $7.85 and a 12 month high of $11.08. The company has a 50-day moving average price of $9.84 and a 200 day moving average price of $9.63.

MFA Financial (NYSE:MFA) last announced its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $88.72 million during the quarter, compared to analysts’ expectations of $60.56 million. MFA Financial had a return on equity of 6.67% and a net margin of 23.73%.During the same quarter in the previous year, the business earned $0.39 EPS. As a group, equities analysts forecast that MFA Financial will post 1.5 EPS for the current year.

MFA Financial Company Profile

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.