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 its third-quarter dividends on Series B and Series C preferred stocks. The Series B Preferred Stock dividend is set at $0.46875 per share, payable on September 30, 2020, to stockholders of record as of September 8, 2020. Similarly, the Series C Preferred Stock dividend will be $0.40625 per share, also payable on September 30, 2020, to Series C stockholders of record as of September 8, 2020.

Positive

• Declared dividends enhance shareholder income: Series B at $0.46875 and Series C at $0.40625.
• Timely payment of dividends reflects confidence in cash flow.

Negative

• None.

NEW YORK, Aug. 12, 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 September 30, 2020.  This dividend is payable on September 30, 2020, to Series B Preferred stockholders of record as of September 8, 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 September 30, 2020.  This dividend is payable on September 30, 2020, to Series C Preferred stockholders of record as of September 8, 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's Series B preferred stock?

The dividend amount for MFA's Series B preferred stock is $0.46875 per share.

When will MFA pay its Series B preferred stock dividend?

The Series B preferred stock dividend will be paid on September 30, 2020.

What is the dividend amount for MFA's Series C preferred stock?

The dividend amount for MFA's Series C preferred stock is $0.40625 per share.

When is the payment date for MFA's Series C preferred stock dividend?

The Series C preferred stock dividend will be paid on September 30, 2020.

Who is eligible for the dividends declared by MFA?

Stockholders of record for both Series B and Series C preferred stock as of September 8, 2020, are eligible for the dividends.