MFA Financial said on September 20, 2023 that its board of directors declared a regular quarterly dividend of $0.35 per share ($1.40 annualized). Previously, the company paid $0.35 per share.
Shareholders of record as of October 2, 2023 will receive the payment on October 31, 2023.
At the current share price of $9.95 / share, the stock's dividend yield is 14.07%.
Looking back five years and taking a sample every week, the average dividend yield has been 11.58%, the lowest has been 5.22%, and the highest has been 44.78%. The standard deviation of yields is 4.30 (n=216).
The current dividend yield is 0.58 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -117.22. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 1.09%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 352 funds or institutions reporting positions in MFA Financial. This is an increase of 8 owner(s) or 2.33% in the last quarter. Average portfolio weight of all funds dedicated to MFA is 0.14%, a decrease of 1.24%. Total shares owned by institutions increased in the last three months by 8.56% to 66,818K shares. 
The put/call ratio of MFA is 1.10, indicating a bearish outlook.
Analyst Price Forecast Suggests 28.65% Upside
As of August 31, 2023, the average one-year price target for MFA Financial is 12.80. The forecasts range from a low of 11.11 to a high of $14.70. The average price target represents an increase of 28.65% from its latest reported closing price of 9.95.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MFA Financial is 211MM, an increase of 50.62%. The projected annual non-GAAP EPS is 1.13.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 4,341K shares representing 4.26% ownership of the company. In it's prior filing, the firm reported owning 5,024K shares, representing a decrease of 15.73%. The firm decreased its portfolio allocation in MFA by 6.57% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,157K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 3,103K shares, representing an increase of 1.72%. The firm increased its portfolio allocation in MFA by 6.37% over the last quarter.
Jpmorgan Chase holds 2,771K shares representing 2.72% ownership of the company. In it's prior filing, the firm reported owning 454K shares, representing an increase of 83.63%. The firm increased its portfolio allocation in MFA by 4,816.83% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 2,631K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 2,658K shares, representing a decrease of 1.02%. The firm increased its portfolio allocation in MFA by 6.72% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,324K shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 2,226K shares, representing an increase of 4.21%. The firm increased its portfolio allocation in MFA by 9.04% over the last quarter.
MFA Financial Background Information
(This description is provided by the company.)
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 mortgage-backed securities and residential whole loans.
Additional reading:
- MFA Financial, Inc. Announces Appointment of Michael C. Roper as Chief Financial Officer
- MFA Financial, Inc. Announces Second Quarter 2023 Financial Results
- Company Update SECOND QUARTER 2023
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