MFA Financial, Inc. Announces Third Quarter Dividends on Series B Preferred Stock and Series C Preferred Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 16 2024
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Source: Newsfilter
Dividend Declaration: MFA Financial, Inc. has declared dividends for its 7.50% Series B and 6.50% Series C Preferred Stocks, with payments of $0.46875 and $0.40625 per share respectively, both payable on September 30, 2024.
Company Overview: MFA Financial is a publicly traded real estate investment trust that specializes in investing in residential mortgage loans and securities, having distributed over $4.7 billion in dividends since its IPO in 1998.
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Analyst Views on MFA
Wall Street analysts forecast MFA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MFA is 10.08 USD with a low forecast of 10.00 USD and a high forecast of 10.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 10.140
Low
10.00
Averages
10.08
High
10.25
Current: 10.140
Low
10.00
Averages
10.08
High
10.25
About MFA
MFA Financial, Inc. is a specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities and other real estate assets. Its targeted investments primarily include residential whole loans and residential mortgage securities. Its residential whole loans include non-QM loans, business purpose loans, and legacy re-performing loans (RPL)/ non-performing loans (NPL). Its residential mortgage securities include agency mortgage-backed securities (MBS), non-agency MBS, CRT securities and mortgage servicing rights (MSRs)-related assets, which include term notes backed directly or indirectly by MSRs. Its principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The Company, through its wholly owned subsidiary, Lima One Capital (Lima One), also originates and services business purpose loans for real estate investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MFA Financial Announces 2025 Dividend Distribution Details
- Dividend Overview: MFA Financial has announced its 2025 common stock dividend distributions, with an expected 59.4% classified as ordinary income and 40.6% as return of capital, which will impact shareholders' federal income tax filings, making it crucial for shareholders to understand the tax implications.
- Preferred Stock Dividend Details: The preferred stock dividends for 2025 will be characterized as 100% ordinary income, requiring shareholders to report these distributions on their 2025 federal income tax returns, ensuring compliance to avoid potential tax issues.
- Tax Compliance Reminder: MFA advises shareholders to review their brokerage-provided 2025 tax statements to ensure consistency with the information posted on MFA's website, emphasizing the importance of tax compliance to mitigate risks associated with discrepancies.
- Company Background: Since its IPO in 1998, MFA Financial has distributed over $5 billion in dividends to shareholders, reflecting its strong financial health as a specialty finance company focused on residential mortgage loans and real estate assets, underscoring its commitment to returning value to investors.
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MFA Financial Announces 2025 Dividend Distribution Details
- Dividend Overview: MFA Financial has announced its 2025 common stock dividend distributions, with 59.4% classified as ordinary income and 40.6% as return of capital, ensuring shareholders report accurately for tax purposes.
- Preferred Stock Dividends: The preferred stock dividends for 2025 are expected to be 100% ordinary income, which shareholders must report on their 2025 federal tax returns to ensure compliance.
- Tax Compliance Reminder: MFA advises shareholders to verify the tax statements received from their brokerage firms against the information posted on the company's website to avoid potential tax issues.
- Company Background: Since its IPO in 1998, MFA Financial has distributed over $5 billion in dividends to shareholders, positioning itself as a leading real estate investment trust focused on residential mortgage loans and related assets.
Continue Reading