Welcome to our dedicated page for MFA Financial news (Ticker: MFA), a resource for investors and traders seeking the latest updates and insights on MFA Financial stock.
MFA Financial, Inc. reports news on its internally managed real estate investment trust operations, including investments in residential mortgage loans, residential mortgage-backed securities and other real estate assets. Company updates commonly address portfolio growth, Non-QM loan activity, single-family rental and transitional loans, securitizations, credit performance and leverage.
Recurring announcements also cover results from Lima One Capital, MFA's wholly owned business-purpose lending subsidiary for real estate investors, along with common and preferred stock dividends, dividend tax information, share repurchase activity and scheduled earnings calls.
MFA Financial, Inc. reported a net income of $88.4 million or $0.19 per share for Q2 2020, demonstrating effective liquidity management during the COVID-19 pandemic. The company sold approximately $3.2 billion of mortgage assets, realizing net gains of $49.5 million. Despite ongoing challenges, MFA achieved unrealized gains on securities totaling $64.4 million. As of June 30, 2020, the GAAP book value was $4.51 per share, while a cash dividend of $0.05 per share was declared, payable on October 30, 2020.
MFA Financial, Inc. (NYSE: MFA) will hold a live audio webcast for its investor conference call on August 6, 2020, at 11:30 a.m. ET. This call will discuss the company’s second quarter financial results, which will be announced earlier that same day. The webcast is accessible to the public via the company's website. MFA Financial primarily invests in residential mortgage assets, including whole loans and mortgage-backed securities.
MFA Financial, Inc. (NYSE: MFA) has reinstated dividends on its Series B and C Preferred Stocks. The Board declared a dividend of $0.93750 per share for the Series B, payable on July 31, 2020, to shareholders of record as of July 15, 2020. This dividend clears all accumulated unpaid dividends for Series B. The Series C dividend is $0.53264 per share and is the first from this series, also payable on July 31, 2020. These actions mark a recovery following previous suspensions due to the pandemic's financial impact.