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

Rhea-AI Summary

MFA Financial, Inc. (NYSE: MFA) has declared dividends for its Series B and Series C Preferred Stocks, both payable on March 31, 2021. The dividend for Series B is set at $0.46875 per share, while for Series C, it is $0.40625 per share. Stockholders of record for both series will be determined on March 5, 2021. As a real estate investment trust, MFA focuses on investing in residential mortgage assets, boosting potential income streams for shareholders.

Positive

• Declared a dividend of $0.46875 per share for Series B Preferred Stock.
• Declared a dividend of $0.40625 per share for Series C Preferred Stock.
• Dividends payable on March 31, 2021 enhance shareholder returns.

Negative

• None.

News Market Reaction – MFA

+4.40%

1 alert

+4.40% News Effect

On the day this news was published, MFA gained 4.40%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Feb. 19, 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 March 31, 2021.  This dividend is payable on March 31, 2021, to Series B Preferred stockholders of record as of March 5, 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 March 31, 2021.  This dividend is payable on March 31, 2021, to Series C Preferred stockholders of record as of March 5, 2021. 

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

View original content:http://www.prnewswire.com/news-releases/mfa-financial-inc-announces-first-quarter-dividends-on-series-b-preferred-stock-and-series-c-preferred-stock-301231129.html

SOURCE MFA Financial, Inc.

FAQ

What is the dividend amount for Series B Preferred Stock for Q1 2021?

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

When will the dividends for MFA Financial be paid?

The dividends will be paid on March 31, 2021.

What is the record date for the dividends on MFA's Preferred Stocks?

The record date for the dividends is March 5, 2021.

What is the dividend amount for Series C Preferred Stock for Q1 2021?

The dividend amount for Series C Preferred Stock is $0.40625 per share.