Trailing Dividend / Share
$1.79
MFA Financial, Inc. 8.875% Senior Notes (MFAN) Dividend History
Income profile from 2024 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
7.1%
Payout Ratio
1.1%
Sustainable
Dividend Streak
2 years
MFAN Dividend Income Check
Safety
1.1% payout ratio with sustainable safety profile.
Consistency
2 straight years of dividend increases.
Income Trend
Yield on cost is 8.8% and trend is unknown.
MFAN Dividend Scorecard
Yield & Income
Dividend Yield7.1%
Trailing DPS$1.79
FrequencyQuarterly
Payments / 12M5
Payout Safety
Earnings Payout1.1%
Earnings SafetySustainable
FCF Payout112.9%
FCF SafetyStretched
Piotroski F-Score5/9
Growth
Growth Streak2 years
3Y CAGRN/A
5Y CAGRN/A
Yield on Cost (5Y)8.8%
YOC Trendunknown
Total Returns
Buyback Yield0.6%
Total Shareholder Yield7.7%
1Y Total Return9.8%
5Y Total Return20.5%
Div Contribution (5Y)20.6%
Estimated $10K growth (return + dividends):
5Y ago$12,04810Y ago$12,04820Y ago$12,048
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
MFAN Income Growth Story
Dividend per share and yield on cost over time (3 years of payments)
MFAN Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
MFA Financial, Inc. 8.875% Senior Notes distributes 1.1% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 112.9%, rated "Stretched".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
MFAN has raised its dividend for 2 consecutive years.
Total Shareholder Returns
Beyond cash dividends, MFAN returns capital through share repurchases. The combined picture: 7.1% dividend yield, 0.6% buyback yield, 7.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 8.8% and is currently unknown. The 5-year total return is 20.5%, with dividends contributing 20.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $12,048 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
MFAN Recent Dividend Payments
Last 10 payments · Quarterly
TTM Total$5.76
Avg/Payment$0.5757
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jul 31, 2026Latest | $0.5547 | — | 8.80% | Aug 17, 2026 |
| May 1, 2026 | $0.5547 | — | 8.86% | May 15, 2026 |
| Jan 30, 2026 | $0.5547 | — | 8.84% | Feb 17, 2026 |
| Oct 31, 2025 | $0.5547 | — | 8.89% | Nov 17, 2025 |
| Aug 1, 2025 | $0.5547 | — | 8.90% | Aug 15, 2025 |
| May 1, 2025 | $0.5547 | — | 8.94% | May 15, 2025 |
| Jan 31, 2025 | $0.5547 | — | 9.69% | Feb 18, 2025 |
| Nov 1, 2024 | $0.5547 | — | 7.45% | Nov 15, 2024 |
MFAN Dividend vs Peers
Comparable companies in the same industry
#9 yield in peer group
Div Yield
7.1%
#9 of 9
Safety
Sustainable
1.1% payout
Streak
2Y
— 5Y CAGR
Total Shareholder
7.7%
#9 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| MFANMFA Financial, Inc. … | $2.6B | 7.1% | 1.1% | 2 | Sustainable |
3rd  MFAMFA Financial, Inc. | $1.0B | 18.2% | 1.1% | 1 | Sustainable |
 MITTTPG Mortgage Investm… | $257M | 9.7% | 50.3% | 2 | Sustainable |
 GPMTGranite Point Mortga… | $68M | 15.4% | — | 0 | Unknown |
 BXMTBlackstone Mortgage … | $2.9B | 10.8% | 2.9% | 0 | Sustainable |
1st  RCReady Capital Corpor… | $294M | 38.1% | — | 0 | Unknown |
2nd  TPVGTriplePoint Venture … | $191M | 21.8% | 83.9% | 0 | Watch |
 NLYAnnaly Capital Manag… | $16.8B | 12.8% | 92.8% | 1 | At Risk |
 AGNCAGNC Investment Corp… | $12.5B | 14.3% | 95.9% | 0 | At Risk |
MFAN Annual Dividend History (1998–2026)
29 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.66 | — | 3 | — | — | — | 6.6% |
| 2025 | $2.22 | 18.4% | 4 | $1.68 | 132.1% | 0.76x | 8.8% |
| 2024 | $1.87 | — | 3 | $0.82 | 228.5% | 0.44x | 7.4% |
| 2023 | $0.00 | — | 0 | $0.46 | — | — | — |
| 2022 | $0.00 | — | 0 | $-2.40 | — | — | — |
| 2021 | $0.00 | — | 0 | $2.63 | — | — | — |
| 2020 | $0.00 | — | 0 | $-6.01 | — | — | — |
| 2019 | $0.00 | — | 0 | $3.17 | — | — | — |
| 2018 | $0.00 | — | 0 | $2.86 | — | — | — |
| 2017 | $0.00 | — | 0 | $3.16 | — | — | — |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
2+ years return with dividends reinvested.
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Peer Comparison
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MFAN — Frequently Asked Questions
Quick answers to the most common questions about buying MFAN stock.
How much dividend does MFAN pay per share?
MFA Financial, Inc. 8.875% Senior Notes (MFAN) pays a trailing 12-month dividend of $1.79 per share, with a current dividend yield of +7.1%. Payments are made Quarterly.
When is MFAN's next ex-dividend date?
MFAN's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MFAN typically pays dividends Quarterly.
Is MFAN's dividend safe?
MFAN's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.1% and FCF payout ratio of +112.9%. The 2-year growth streak provides moderate confidence.
How many years has MFAN increased its dividend?
MFAN has 2 consecutive years of dividend growth. The 5-year dividend CAGR is N/A.
How often does MFAN pay dividends?
MFA Financial, Inc. 8.875% Senior Notes pays dividends Quarterly. The trailing 12-month total is $1.79 per share. Dividend data on this page covers 2+ years from 2024 to 2026.
How much would $10,000 invested in MFAN grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MFAN five years ago would be worth approximately $12,048 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MFAN's yield on cost for long-term holders?
MFAN's yield on cost — the current dividend divided by the original purchase price — is +8.8% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +7.1% market yield, thanks to the lower original cost basis.