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.

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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.

Dividend History for MFA Financial (NYSE:MFA)

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