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

MFA Financial, Inc. (NYSE:MFA) 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) annualized dividend and a yield of 17.5%. The ex-dividend date is Monday, October 5th.

MFA Financial has raised its dividend payment 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 Stock Down 0.9%

Shares of MFA stock traded down $0.07 during trading on Thursday, hitting $8.24. The company had a trading volume of 504,015 shares, compared to its average volume of 1,491,451. MFA Financial has a 52 week low of $8.22 and a 52 week high of $10.43. The stock has a market capitalization of $833.49 million, a price-to-earnings ratio of 8.24 and a beta of 1.41. The stock’s 50-day moving average is $8.94 and its two-hundred day moving average is $9.42.

Hedge Funds Weigh In On MFA Financial

A number of institutional investors and hedge funds have recently made changes to their positions in MFA. Integrated Wealth Concepts LLC bought a new stake in shares of MFA Financial in the 2nd quarter worth approximately $26,000. Optiver Holding B.V. bought a new position in MFA Financial during the 1st quarter valued at approximately $29,000. Public Employees Retirement System of Ohio purchased a new position in MFA Financial during the second quarter valued at $32,000. Global Retirement Partners LLC bought a new stake in MFA Financial in the second quarter worth $39,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in MFA Financial by 109.4% in the second quarter. TD Waterhouse Canada Inc. now owns 4,325 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,260 shares in the last quarter. Institutional investors own 65.28% of the company’s stock.

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.