MFA Financial, Inc. Announces First Quarter Dividends on Series B Preferred Stock and Series C Preferred Stock

Rhea-AI Summary

MFA Financial, Inc. (NYSE: MFA) has declared dividends for its Series B and Series C Preferred Stock. A dividend of $0.46875 per share for the Series B Preferred Stock is set for the quarter ending March 31, 2023, payable on March 31, 2023, to stockholders of record as of March 6, 2023. Additionally, the Series C Preferred Stock dividend is $0.40625 per share, also payable on March 31, 2023, with the same record date. MFA specializes in financing residential mortgage assets, investing in whole loans and mortgage-backed securities.

Positive

• Declared a dividend of $0.46875 per share for Series B Preferred Stock.
• Declared a dividend of $0.40625 per share for Series C Preferred Stock.
• Dividends payable on March 31, 2023, providing income for shareholders.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- MFA Financial, Inc. (NYSE: MFA) (the “Company”) announced today that its Board of Directors has declared the payment of dividends on the Company’s outstanding 7.50% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) and 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”).

In accordance with the terms of the Series B Preferred Stock, the Board of Directors has declared a preferred stock dividend of $0.46875 per share for the quarter ending March 31, 2023. This dividend is payable on March 31, 2023, to Series B Preferred stockholders of record as of March 6, 2023.

In addition, in accordance with the terms of the Series C Preferred Stock, the Board of Directors has declared a preferred stock dividend of $0.40625 per share for the quarter ending March 31, 2023. This dividend is payable on March 31, 2023, to Series C Preferred stockholders of record as of March 6, 2023.

MFA Financial, Inc. is a leading specialty finance company that invests in and finances residential mortgage assets. MFA invests, on a leveraged basis, in residential whole loans, residential mortgage-backed securities and other real estate assets. Through its subsidiaries, MFA also originates and services business purpose loans for real estate investors. MFA is an internally-managed, publicly-traded real estate investment trust.

Category: Dividends

View source version on businesswire.com: https://www.businesswire.com/news/home/20230221005008/en/

InvestorRelations@mfafinancial.com

212-207-6488

www.mfafinancial.com

Source: MFA Financial, Inc.

FAQ

What is the dividend amount for MFA Financial's Series B Preferred Stock?

MFA Financial's Series B Preferred Stock dividend is $0.46875 per share.

When will the Series C Preferred Stock dividend be paid?

The Series C Preferred Stock dividend will be paid on March 31, 2023.

Who is eligible for the MFA Financial dividends?

Shareholders of record as of March 6, 2023, are eligible for the dividends.

What is the frequency of dividends paid by MFA Financial?

MFA Financial pays dividends quarterly.

Are there any sustainability concerns related to MFA Financial's dividends?

The press release does not address sustainability concerns.