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

Rhea-AI Summary

MFA Financial announced dividends for its 7.50% Series B and 6.50% Series C Preferred Stocks.

Series B holders will receive a $0.46875 per share dividend, while Series C holders will get $0.40625 per share. Both dividends are for Q2 2024, payable on June 28, 2024, to shareholders on record as of June 5, 2024.

MFA Financial, a leading specialty finance company, invests in residential mortgage loans and securities. It also provides business-purpose loans through its subsidiary, Lima One Capital.

Since its IPO in 1998, MFA has distributed over $4.7 billion in dividends and operates as an internally managed REIT.

Positive

• Series B Preferred Stock dividend of $0.46875 per share.
• Series C Preferred Stock dividend of $0.40625 per share.
• Dividends are payable on June 28, 2024, reinforcing financial stability.
• Over $4.7 billion distributed in dividends since IPO in 1998.
• MFA Financial is a leading specialty finance company investing in mortgage loans and securities.

Negative

• Dividends are only for preferred stockholders, not common stockholders.

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 June 30, 2024. This dividend is payable on June 28, 2024, to Series B Preferred stockholders of record as of June 5, 2024.

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 June 30, 2024. This dividend is payable on June 28, 2024, to Series C Preferred stockholders of record as of June 5, 2024.

MFA Financial, Inc. is a leading specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities and other real estate assets. Through its wholly owned subsidiary, Lima One Capital, MFA also originates and services business purpose loans for real estate investors. MFA has distributed over $4.7 billion in dividends to stockholders since its initial public offering in 1998. 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/20240521459956/en/

InvestorRelations@mfafinancial.com

212-207-6488

www.mfafinancial.com

Source: MFA Financial, Inc.

FAQ

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

The dividend payment date for MFA Financial's Series B Preferred Stock is June 28, 2024.

How much is the dividend for MFA Financial's Series B Preferred Stock?

The dividend for MFA Financial's Series B Preferred Stock is $0.46875 per share for Q2 2024.

When is the record date for MFA Financial's Series B Preferred Stock dividend?

The record date for MFA Financial's Series B Preferred Stock dividend is June 5, 2024.

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

The dividend amount for MFA Financial's Series C Preferred Stock is $0.40625 per share for Q2 2024.

When will MFA Financial pay the Series C Preferred Stock dividend?

MFA Financial will pay the Series C Preferred Stock dividend on June 28, 2024.

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

The record date for MFA Financial's Series C Preferred Stock dividend is June 5, 2024.