MFA Dividend History & Analysis | 15.4% Yield

MFA has a dividend yield of 15.4% and paid 1.44 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 15.36%
Payout Ratio 137.1%
Growth Rate CAGR 5y -1.7%
Consistency Lifetime 86.6%
Yield on Cost 5y 15.9%
Payout FCF 119.7%
Streak Years 2
Dividend Rating 45.5%
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
DX 2,797 M 17.06% 19.35%
AGNC 11,720 M 14.25% 16.39%
NLY 15,850 M 13.62% 14.48%
PMT 916 M 13.22% 14.79%
EFC 1,692 M 12.03% 16.36%
Top 3 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
DX 2,797 M 6.14% 66.2%
LADR 1,293 M 3.56% 88.9%
TRTX 637 M 0.26% 93.4%
MFA Dividend History: Last 50 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
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 +10% 2.41%
2021-09-29 2021-09-30 2021-10-29 Quarterly 0.1 0% 2.17%
2021-06-29 2021-06-30 2021-07-30 Quarterly 0.1 +33.3% 2.15%
2021-03-30 2021-03-31 2021-04-30 Quarterly 0.075 0% N/A
2020-12-29 2020-12-30 2021-01-29 Quarterly 0.075 +50% N/A
2020-09-29 2020-09-30 2020-10-30 Quarterly 0.05 -75% N/A
2020-03-30 2020-03-31 2020-04-30 Quarterly 0.2 0% N/A
2019-12-27 2019-12-30 2020-01-31 Quarterly 0.2 0% N/A
2019-09-27 2019-09-30 2019-10-31 Quarterly 0.2 0% N/A
2019-06-28 2019-07-01 2019-07-31 Quarterly 0.2 0% N/A
2019-03-28 2019-03-29 2019-04-30 Quarterly 0.2 0% N/A
2018-12-27 2018-12-28 2019-01-31 Quarterly 0.2 0% N/A
2018-09-28 2018-10-01 2018-10-31 Quarterly 0.2 0% N/A
2018-06-28 2018-06-29 2018-07-31 Quarterly 0.2 0% N/A
2018-03-28 2018-03-29 2018-04-30 Quarterly 0.2 0% N/A
2017-12-27 2017-12-28 2018-01-31 Quarterly 0.2 0% N/A
2017-09-27 2017-09-28 2017-10-31 Quarterly 0.2 0% N/A
2017-06-27 2017-06-29 2017-07-28 Quarterly 0.2 0% N/A
2017-03-27 2017-03-29 2017-04-28 Quarterly 0.2 0% N/A
2016-12-23 2016-12-28 2017-01-31 Quarterly 0.2 0% N/A
2016-09-26 2016-09-28 2016-10-31 Quarterly 0.2 0% N/A
2016-06-24 2016-06-28 2016-07-29 Quarterly 0.2 0% N/A
2016-03-23 2016-03-28 2016-04-29 Quarterly 0.2 0% N/A
2015-12-23 2015-12-28 2016-01-29 Quarterly 0.2 0% N/A
2015-09-25 2015-09-29 2015-10-30 Quarterly 0.2 0% N/A
2015-06-25 2015-06-29 2015-07-31 Quarterly 0.2 0% N/A
2015-03-25 2015-03-27 2015-04-30 Quarterly 0.2 0% N/A
2014-12-23 2014-12-26 2015-01-30 Quarterly 0.2 0% N/A
2014-09-25 2014-09-29 2014-10-31 Quarterly 0.2 0% N/A
2014-06-25 2014-06-27 2014-07-31 Quarterly 0.2 0% N/A
2014-03-26 2014-03-28 2014-04-30 Quarterly 0.2 0% N/A
2013-12-27 2013-12-31 2014-01-31 Quarterly 0.2 -9.1% N/A
2013-10-09 2013-10-11 2013-10-31 Quarterly 0.22 0% N/A

MFA Dividend FAQ

What is the Dividend Yield of MFA?

As of May 2026, MFA's dividend yield is 15.36%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.44 USD by the current share price of 9.60.

Does MFA pay a dividend?

As of May 2026, MFA paid a dividend of 1.44 USD in the last 12 months. The last dividend was paid on 2026-03-31 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 2026-03-31.

MFA dividend forecast

Based on historical data, the forecasted dividends per share for MFA for the next payments are between 0.188 (-47.8%) and 0.251 (-30.3%). This represents a significant dividend cut compared to the last payment. The expected Yield for the next 12 months is about 8.90%.

Will MFA pay dividends in 2026?

The latest dividend paid per share was 0.36 USD with an Ex-Dividend Date of 2026-03-31. 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 -1.66% 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 15.9%. If you bought MFA's shares at 9.06 USD five years ago, your current annual dividend income (1.44 USD per share, trailing 12 months) equals 15.9% of your original purchase price.

What is the Payout Consistency of MFA?

MFA Payout Consistency is 86.6%. 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. Moderately consistent: MFA Financial has a good track record of consistent dividend payments over its lifetime.

Does MFA have a good Dividend Yield?

MFA's 15.36% 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 137.1%. 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 45.53%. 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 decreased by approximately 0.99% annually over the past 3 years (Trend Reliability: -11.9%). Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

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: 2026-05-22 02:51 UTC