MFA Dividend History & Analysis | 16.5% Yield

MFA has a dividend yield of 16.5% and paid 1.44 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 16.45%
Payout Ratio 128.6%
Growth Rate CAGR 5y -3.1%
Consistency Lifetime 95.8%
Yield on Cost 5y 15.7%
Payout FCF 129.6%
Streak Years 2
Dividend Rating 43.1%
Chowder Number yield + growth 13.4% meets 12% target for healthy growth
Yield vs Average 5y +26.2% avg 13.04% vs now 16.45%
Debt / EBITDA leverage 27.5x elevated
Income per 10k invested 1,645 USD per year
Dividends Cash Amount per Share Yearly MFA annual dividends paid per share, showing the total cash MFA Financial distributed to shareholders each year.
Dividend Growth Year over Year MFA year-over-year dividend growth rate, showing how MFA Financial's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History MFA dividend yield history versus share price over the past 5 years, showing how MFA Financial's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) ■ Price (left)

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
DX NYSE
Dynex Capital		 2,693 M 15.52% 22.02%
AGNC NASDAQ
AGNC Investment		 10,207 M 13.65% 17.74%
NLY NYSE
Annaly Capital Management		 13,770 M 13.68% 16.82%
EFC NYSE
Ellington Financial		 1,531 M 11.94% 15.86%
LADR NYSE
Ladder Capital		 1,123 M 9.32% 11.79%
Top 2 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
DX NYSE
Dynex Capital		 2,693 M 8.68% 98.0%
LADR NYSE
Ladder Capital		 1,123 M 0.99% 98.3%

MFA Dividend History

Dividend Monthly Return EX date, 4.8 years of data

Jan - -
Feb - -
Mar 3.35% 100
Apr - -
May - -
Jun 3.63% 100
Jul - -
Aug - -
Sep 3.10% 80
Oct - -
Nov - -
Dec 3.29% 100

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 20 Payments (USD) as of October 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-10-05 2026-10-05 2026-10-30 Quarterly 0.36 0% 4.95%
2026-06-30 2026-06-30 2026-07-31 Quarterly 0.36 0% 3.8%
2026-03-31 2026-03-31 2026-04-30 Quarterly 0.36 0% 3.83%
2025-12-31 2025-12-31 2026-01-30 Quarterly 0.36 0% 3.87%
2025-09-30 2025-09-30 2025-10-31 Quarterly 0.36 0% 3.93%
2025-06-30 2025-06-30 2025-07-31 Quarterly 0.36 0% 3.85%
2025-03-31 2025-03-31 2025-04-30 Quarterly 0.36 +2.9% 3.55%
2024-12-31 2024-12-31 2025-01-31 Quarterly 0.35 0% 3.51%
2024-09-27 2024-09-27 2024-10-31 Quarterly 0.35 0% 2.79%
2024-06-28 2024-06-28 2024-07-31 Quarterly 0.35 0% 3.3%
2024-03-27 2024-03-28 2024-04-30 Quarterly 0.35 0% 3.16%
2023-12-28 2023-12-29 2024-01-31 Quarterly 0.35 0% 3.08%
2023-09-29 2023-10-02 2023-10-31 Quarterly 0.35 0% 3.59%
2023-06-29 2023-06-30 2023-07-31 Quarterly 0.35 0% 3.16%
2023-03-30 2023-03-31 2023-04-28 Quarterly 0.35 0% 3.58%
2022-12-29 2022-12-30 2023-01-31 Quarterly 0.35 -20.5% 3.57%
2022-09-29 2022-09-30 2022-10-31 Quarterly 0.44 0% 5.19%
2022-06-29 2022-06-30 2022-07-29 Quarterly 0.44 +300% 4.07%
2022-03-21 2022-03-22 2022-04-29 Quarterly 0.11 0% 2.64%
2021-12-30 2021-12-31 2022-01-31 Quarterly 0.11 0% 2.41%

MFA Dividend FAQ

What is the Dividend Yield of MFA?

As of October 2026, MFA's dividend yield is 16.45%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.44 USD by the current share price of 6.55.

Does MFA pay a dividend?

As of October 2026, MFA paid a dividend of 1.44 USD in the last 12 months. The last dividend was paid on 2026-10-05 and the payout was 0.36 USD.

How often does MFA pay dividends?

MFA pays dividends quarterly. Over the last 12 months, MFA has issued 4 dividend payments. The last dividend payment was made on 2026-10-05.

MFA dividend forecast

Based on historical data, the forecasted dividends per share for MFA for the next payments are between 0.352 (-2.2%) and 0.369 (+2.5%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 22.1%.

Will MFA pay dividends in 2026?

The latest dividend paid per share was 0.36 USD with an Ex-Dividend Date of 2026-10-05. The next Ex-Dividend date for MFA Financial (MFA) is currently unknown.

What is the next Ex-Dividend Date for MFA?

The next Ex-Dividend date for MFA Financial (MFA) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of MFA?

MFA's average dividend growth rate over the past 5 years is -3.10% per year. Negative growth: MFA's dividend growth is negative and declining.

What is the Yield on Cost of MFA?

MFA's 5-Year Yield on Cost is 15.7%. If you bought MFA's shares at 9.17 USD five years ago, your current annual dividend income (1.44 USD per share, trailing 12 months) equals 15.7% of your original purchase price.

What is the Payout Consistency of MFA?

MFA Payout Consistency is 95.8%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: MFA Financial has a strong track record of consistent dividend payments over its lifetime.

Does MFA have a good Dividend Yield?

MFA's 16.45% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.

What is the Dividend Payout Ratio of MFA?

The Dividend Payout Ratio of MFA is 128.6%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of MFA?

MFA's Overall Dividend Rating is 43.08%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

MFA Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in MFA's Outstanding Shares?

MFA Financial's outstanding shares have increased by approximately 0.02% annually over the past 3 years (Trend Reliability: 2.4%). Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has MFA ever had a Stock Split?

Yes, the last stock split was on Apr 5, 2022 with a ratio of 1:4. This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1998 6,893,500 0%
1999 6,893,500 0%
2000 2,217,400 -67.83%
2001 6,222,900 +180.64%
2002 10,383,500 +66.86%
2003 15,382,800 +48.15%
2004 19,054,300 +23.87%
2005 20,506,300 +7.62%
2006 17,237,500 -15.94%
2007 29,573,100 +71.56%
2008 45,010,500 +52.2%
2009 61,606,000 +36.87%
2010 70,310,800 +14.13%
2011 85,406,800 +21.47%
2012 89,190,500 +4.43%
2013 90,599,800 +1.58%
2014 92,262,000 +1.83%
2015 93,028,500 +0.83%
2016 92,875,000 -0.17%
2017 99,375,000 +7%
2018 109,863,500 +10.55%
2019 112,988,000 +2.84%
2020 113,008,300 +0.02%
2021 118,691,000 +5.03%
2022 101,800,000 -14.23%
2023 107,698,700 +5.79%
2024 103,675,000 -3.74%
2025 105,307,000 +1.57%
2026 105,307,000 0%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-10-08 02:37 UTC