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

(Neutral)

Rhea-AI Summary

MFA Financial, Inc. (NYSE: MFA) announced the declaration of dividends for its Series B and Series C Preferred Stocks. For Series B, a dividend of $0.46875 per share will be paid on December 30, 2022, for stockholders of record as of December 5, 2022. For Series C, the dividend is $0.40625 per share, also payable on December 30, 2022, to those on record by December 5, 2022. MFA specializes in investments in residential mortgage assets and operates as a publicly-traded REIT.

Positive

Series B Preferred Stock dividend of $0.46875 per share increases shareholder income.
Series C Preferred Stock dividend of $0.40625 per share enhances returns for preferred stock investors.

Negative

None.

News Market Reaction – MFA

+1.22%

+1.22% Session move

In the trading session that priced this news, MFA gained 1.22%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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11/18/2022 - 09:00 AM

NEW YORK, Nov. 18, 2022 /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 December 31, 2022. This dividend is payable on December 30, 2022, to Series B Preferred stockholders of record as of December 5, 2022.

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 December 31, 2022. This dividend is payable on December 30, 2022, to Series C Preferred stockholders of record as of December 5, 2022.

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.

Category: Dividends

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

View original content:https://www.prnewswire.com/news-releases/mfa-financial-inc-announces-fourth-quarter-dividends-on-series-b-preferred-stock-and-series-c-preferred-stock-301681657.html

SOURCE MFA Financial, Inc.

FAQ

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

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

When will the dividends for Series B and Series C Preferred Stocks be paid?

Both dividends will be paid on December 30, 2022.

Who is eligible for the dividends for the Series B and Series C Preferred Stocks?

Stockholders of record as of December 5, 2022, are eligible for the dividends.

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

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