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MFA Financial, Inc. Announces Third Quarter Dividends on Series B Preferred Stock and Series C Preferred Stock
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
MFA Financial, Inc. has declared dividends on its Series B and Series C Preferred Stock. The dividend for Series B is $0.46875 per share, payable on September 29, 2023, to stockholders of record as of September 5, 2023. The dividend for Series C is $0.40625 per share, also payable on September 29, 2023.
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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 September 30, 2023. This dividend is payable on September 29, 2023, to Series B Preferred stockholders of record as of September 5, 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 September 30, 2023. This dividend is payable on September 29, 2023, to Series C Preferred stockholders of record as of September 5, 2023.
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 $4.6 billion in dividends to stockholders since its initial public offering in 1998. MFA is an internally-managed, publicly-traded real estate investment trust.
