MFA Dividend History & Analysis | 15.1% Yield

MFA has a dividend yield of 15.1% and paid 1.44 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 15.11%
Payout Ratio 2.1%
Growth Rate CAGR 5y 39.07%
Consistency Lifetime 86.6%
Yield on Cost 5y 17.16%
Payout FCF 123.1%
Streak Years 28
Dividend Rating 90.25%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
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.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 5.4%
Total Return 5y: 16.1%

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
DX 2,796 M 15.6% 20.2%
AGNC 12,671 M 14.7% 17.2%
NLY 16,267 M 13.8% 15.7%
PMT 1,029 M 13.1% 15.7%
EFC 1,578 M 11.8% 18.1%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
NLY 16,267 M 33.6% 88.5%
IVR 617 M 40.9% 84.4%
ARR 1,959 M 24.5% 81.7%
TWO 1,251 M 24.4% 85.8%
ORC 1,430 M 16.6% 84.3%

Quality Dividend Peers in Mortgage REITs

NLY
Annaly Capital
 13.76% Yield

MFA Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
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% 1.88%
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 -21.4% N/A
2013-08-08 2013-08-12 2013-08-30 Other 0.28 0% N/A

MFA Dividend FAQ

MFA Financial, Inc. (NYSE:MFA) is a U.S.-based real estate investment trust that invests in a diversified portfolio of residential mortgage assets, including agency and non-agency mortgage-backed securities, whole-loan purchases (performing, credit-deteriorated, and non-performing), and mortgage-servicing-right (MSR) related assets. By qualifying as a REIT, the company avoids federal corporate income tax provided it distributes at least 90 % of its taxable income to shareholders.

What is the Dividend Yield of MFA?

As of February 2026, MFA`s dividend yield is 15.11%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.44 USD by the current share price of 9.74.

Does MFA pay a dividend?

As of February 2026, MFA paid a dividend of 1.44 USD in the last 12 months. The last dividend was paid on 2025-12-31 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 2025-12-31.

MFA dividend forecast

Based on historical data, the forecasted dividends per share for MFA for the next 4 payments are between 0.273 (-24.2%) and 0.282 (-21.7%).
This represents a significant dividend cut compared to the last payment.

Will MFA pay dividends in 2026?

The latest dividend paid per share was 0.36 USD with an Ex-Dividend Date of 2025-12-31. 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 39.1% per year.
Strong growth: MFA's Dividend growth is outpacing inflation.

What is the Yield on Cost of MFA?

MFA's 5-Year Yield on Cost is 17.2%. If you bought MFA's shares at 8.39 USD five years ago, your current annual dividend income (1.44 USD per share, trailing 12 months) equals 17.2% 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 15.11% 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 2.1%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of MFA?

MFA`s Overall Dividend Rating is 90.25%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

MFA Outstanding Shares Analysis

What is the Trend in MFA's Outstanding Shares?

MFA Financial's outstanding shares have decreased by approximately 1.12% annually over the past 3 years (Trend Reliability: -33.3%).

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
1999 6,893,500
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%

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: 2026-02-05 02:39