MFA Financial, Inc. (NYSE:MFA) Declares Dividend Increase - $0.47 Per Share

Key Points

• MFA Financial, Inc. has declared a quarterly dividend of $0.4688 per share, which represents a 30.2% increase from the previous dividend of $0.36.
• The company currently has a dividend payout ratio of 104.3%, indicating reliance on its balance sheet to cover dividend payments due to insufficient earnings.
• MFA Financial reported earnings per share (EPS) of $0.24 for the last quarter, missing analysts' estimates of $0.29 by $0.05.

MFA Financial, Inc. (NYSE:MFA - Get Free Report) declared a quarterly dividend on Thursday, August 21st, RTT News reports. Investors of record on Thursday, September 4th will be given a dividend of 0.4688 per share by the real estate investment trust on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 19.4%. This is a 30.2% increase from MFA Financial's previous quarterly dividend of $0.36.

MFA Financial has a dividend 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

Shares of MFA stock opened at $9.6850 on Friday. The stock has a market cap of $994.35 million, a P/E ratio of 11.13 and a beta of 1.64. The company has a fifty day moving average price of $9.47 and a two-hundred day moving average price of $9.77. MFA Financial has a one year low of $7.85 and a one year high of $13.45.

MFA Financial (NYSE:MFA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). MFA Financial had a return on equity of 8.61% and a net margin of 17.62%.The company had revenue of $61.28 million for the quarter, compared to analyst estimates of $59.50 million. During the same quarter in the prior year, the business posted $0.32 EPS. As a group, equities research analysts anticipate that MFA Financial will post 1.5 EPS for the current fiscal year.

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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