Trailing Dividend / Share
$1.79
MFA Financial, Inc. 9.000% Senior Notes (MFAO) 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
1 years
MFAO Dividend Income Check
Safety
1.1% payout ratio with sustainable safety profile.
Consistency
1 straight years of dividend increases.
Income Trend
Yield on cost is 9.0% and trend is unknown.
MFAO Dividend Scorecard
Yield & Income
Dividend Yield7.1%
Trailing DPS$1.79
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout1.1%
Earnings SafetySustainable
FCF Payout200.3%
FCF SafetyStretched
Piotroski F-Score5/9
Growth
Growth Streak1 years
3Y CAGR0.1%
5Y CAGR12.3%
Yield on Cost (5Y)9.0%
YOC Trendunknown
Total Returns
Buyback Yield0.6%
Total Shareholder Yield7.7%
1Y Total Return10.9%
5Y Total Return18.8%
Div Contribution (5Y)18.6%
Estimated $10K growth (return + dividends):
5Y ago$11,88010Y ago$11,88020Y ago$11,880
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.
MFAO Income Growth Story
Dividend per share and yield on cost over time (3 years of payments)
MFAO Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
MFA Financial, Inc. 9.000% Senior Notes distributes 1.1% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 200.3%, rated "Stretched".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
MFAO has raised its dividend for 1 consecutive year, with a 3-year CAGR of 0.1% and 5-year CAGR of 12.3%.
Total Shareholder Returns
Beyond cash dividends, MFAO 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 9.0% and is currently unknown. The 5-year total return is 18.8%, with dividends contributing 18.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $11,880 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
MFAO Recent Dividend Payments
Last 8 payments · Semi-Annual
TTM Total$4.67
Avg/Payment$0.5844
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 1, 2026Latest | $0.5625 | — | 8.95% | May 15, 2026 |
| Jan 30, 2026 | $0.5625 | — | 8.94% | Feb 17, 2026 |
| Oct 31, 2025 | $0.5625 | — | 8.95% | Nov 17, 2025 |
| Aug 1, 2025 | $0.5625 | — | 9.00% | Aug 15, 2025 |
| May 1, 2025 | $0.5625 | — | 9.74% | May 15, 2025 |
| Jan 31, 2025 | $0.5625 | — | 7.41% | Feb 18, 2025 |
| Nov 1, 2024 | $0.5625 | ↓ -23.7% | 5.18% | Nov 15, 2024 |
| Aug 1, 2024 | $0.7375 | — | 2.95% | Aug 15, 2024 |
MFAO 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
1Y
12.3% 5Y CAGR
Total Shareholder
7.7%
#9 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| MFAOMFA Financial, Inc. … | $2.6B | 7.1% | 1.1% | 1 | Sustainable |
2nd  MFAMFA Financial, Inc. | $995M | 18.4% | 1.1% | 1 | Sustainable |
 MITTTPG Mortgage Investm… | $249M | 10.0% | 50.3% | 1 | Sustainable |
 GPMTGranite Point Mortga… | $74M | 14.0% | — | 0 | Unknown |
 BXMTBlackstone Mortgage … | $3.2B | 9.9% | 2.9% | 0 | Sustainable |
1st  RCReady Capital Corpor… | $357M | 31.4% | — | 0 | Unknown |
3rd  TPVGTriplePoint Venture … | $243M | 17.1% | 83.9% | 0 | Watch |
 NLYAnnaly Capital Manag… | $16.1B | 13.1% | 92.8% | 1 | At Risk |
 AGNCAGNC Investment Corp… | $9.6B | 14.7% | 1.4% | 0 | Sustainable |
MFAO Annual Dividend History (1998–2026)
29 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.13 | — | 2 | — | — | — | 4.5% |
| 2025 | $2.25 | 73.1% | 4 | $1.68 | 133.9% | 0.75x | 9.0% |
| 2024 | $1.30 | — | 2 | $0.82 | 158.5% | 0.63x | 5.2% |
| 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 | — | — | — |
See MFAO's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MFAO Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare MFAO vs WELL
Side-by-side business, growth, and profitability comparison vs Welltower Inc..
Start ComparisonMFAO — Frequently Asked Questions
Quick answers to the most common questions about buying MFAO stock.
How much dividend does MFAO pay per share?
MFA Financial, Inc. 9.000% Senior Notes (MFAO) pays a trailing 12-month dividend of $1.79 per share, with a current dividend yield of +7.1%. Payments are made Semi-Annual.
When is MFAO's next ex-dividend date?
MFAO's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MFAO typically pays dividends Semi-Annual.
Is MFAO's dividend safe?
MFAO's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.1% and FCF payout ratio of +200.3%. The 1-year growth streak provides moderate confidence.
How many years has MFAO increased its dividend?
MFAO has 1 consecutive years of dividend growth. The 5-year dividend CAGR is +12.3%.
How often does MFAO pay dividends?
MFA Financial, Inc. 9.000% Senior Notes pays dividends Semi-Annual. 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 MFAO grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MFAO five years ago would be worth approximately $11,880 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MFAO's yield on cost for long-term holders?
MFAO's yield on cost — the current dividend divided by the original purchase price — is +9.0% 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 consistent dividend growth.