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

Rhea-AI Summary

MFA Financial, Inc. (NYSE: MFA) announced a dividend declaration for its 7.50% Series B and 6.50% Series C Preferred Stock. The Series B dividend is set at $0.46875 per share, payable on September 30, 2021, to stockholders of record as of September 8, 2021. The Series C dividend will be $0.40625 per share, also payable on September 30, 2021, to stockholders of record as of September 8, 2021. MFA Financial focuses on investing in residential mortgage assets and is an internally-managed REIT.

Positive

• Declaration of $0.46875 dividend per share for Series B Preferred Stock, enhancing income for shareholders.
• Declaration of $0.40625 dividend per share for Series C Preferred Stock, demonstrating company confidence.

Negative

• None.

NEW YORK, Aug. 26, 2021 /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 September 30, 2021.  This dividend is payable on September 30, 2021, to Series B Preferred stockholders of record as of September 8, 2021. 

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 September 30, 2021.  This dividend is payable on September 30, 2021, to Series C Preferred stockholders of record as of September 8, 2021. 

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.

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

Category: Dividends

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SOURCE MFA Financial, Inc.

FAQ

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

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

When is the dividend for Series C Preferred Stock payable?

The dividend for the Series C Preferred Stock is payable on September 30, 2021.

What is the record date for the preferred stock dividends?

The record date for both preferred stock dividends is September 8, 2021.

What are the dividend yields for MFA's Series B and Series C Preferred Stocks?

The yield for Series B Preferred Stock is 7.50%, and for Series C Preferred Stock, it is 6.50%.