MFA Financial, Inc. Announces Quarterly Dividend of $0.20 (MFA)
MFA Financial, Inc. (NYSE:MFA) announced a quarterly dividend on Thursday, September 14th, RTT News reports. Stockholders of record on Thursday, September 28th will be paid a dividend of 0.20 per share by the real estate investment trust on Tuesday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.17%.
MFA Financial has decreased its dividend payment by an average of 2.4% annually over the last three years. MFA Financial has a payout ratio of 102.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect MFA Financial to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 96.4%.
Shares of MFA Financial (MFA) traded down 0.23% during mid-day trading on Thursday, hitting $8.70. The stock had a trading volume of 1,098,933 shares. The company has a market capitalization of $3.45 billion, a P/E ratio of 10.97 and a beta of 0.71. The stock’s 50-day moving average price is $8.72 and its 200 day moving average price is $8.37. MFA Financial has a 1-year low of $7.03 and a 1-year high of $8.90.
MFA Financial (NYSE:MFA) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. MFA Financial had a return on equity of 10.12% and a net margin of 61.94%. The company had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $68.91 million. During the same quarter in the previous year, the firm earned $0.20 EPS. MFA Financial’s revenue was down 8.5% on a year-over-year basis. On average, analysts predict that MFA Financial will post $0.77 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Royal Bank Of Canada reissued a “buy” rating and set a $9.00 price target on shares of MFA Financial in a report on Friday, August 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price target on shares of MFA Financial in a report on Friday, August 4th. BidaskClub cut MFA Financial from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Finally, Zacks Investment Research raised MFA Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.69.
COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/14/mfa-financial-inc-announces-quarterly-dividend-of-0-20-mfa.html.
About MFA Financial
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
Receive News & Ratings for MFA Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFA Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.