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

Rhea-AI Summary

MFA Financial, Inc. (NYSE: MFA) has declared dividends on its 7.50% Series B and 6.50% Series C Preferred Stocks. The Series B dividend is set at $0.46875 per share, payable on December 31, 2020, to shareholders of record as of December 4, 2020. Meanwhile, the Series C dividend is $0.40625 per share, also payable on December 31, 2020, to shareholders of record by the same date. The company's focus is on investing in residential mortgage assets.

Positive

• Series B dividend of $0.46875 per share enhances income for preferred shareholders.
• Series C dividend of $0.40625 per share provides consistent returns to investors.

Negative

• None.

NEW YORK, Nov. 18, 2020 /PRNewswire/ -- 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 December 31, 2020.  This dividend is payable on December 31, 2020, to Series B Preferred stockholders of record as of December 4, 2020. 

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 December 31, 2020.  This dividend is payable on December 31, 2020, to Series C Preferred stockholders of record as of December 4, 2020. 

MFA Financial, Inc. is a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential mortgage assets, including residential whole loans and residential mortgage-backed securities.

CONTACT:	InvestorRelations@mfafinancial.com
	212-207-6488
	www.mfafinancial.com

Category: Dividend

 

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SOURCE MFA Financial, Inc.

FAQ

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

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

When will the Series B Preferred Stock dividend be paid?

The Series B Preferred Stock dividend will be paid on December 31, 2020.

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

The dividend for MFA Financial's Series C Preferred Stock is $0.40625 per share.

When is the payment date for the Series C Preferred Stock dividend?

The Series C Preferred Stock dividend will also be paid on December 31, 2020.

Who will receive the dividends for MFA Financial's preferred stock?

Dividends will be paid to shareholders of record as of December 4, 2020, for both Series B and Series C Preferred Stocks.