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
2 years
MFAO 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 9.0% and trend is unknown.
MFAO Dividend Scorecard
Yield & Income
Dividend Yield7.1%
Trailing DPS$1.79
FrequencyQuarterly
Payments / 12M5
Payout Safety
Earnings Payout1.1%
Earnings SafetySustainable
FCF Payout72.1%
FCF SafetyAdequate
Piotroski F-Score5/9
Growth
Growth Streak2 years
3Y CAGRN/A
5Y CAGRN/A
Yield on Cost (5Y)9.0%
YOC Trendunknown
Total Returns
Buyback Yield0.6%
Total Shareholder Yield7.7%
1Y Total Return8.1%
5Y Total Return21.2%
Div Contribution (5Y)20.8%
Estimated $10K growth (return + dividends):
5Y ago$12,11810Y ago$12,11820Y ago$12,118
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
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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 72.1%, rated "Adequate".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
MFAO has raised its dividend for 2 consecutive years.
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 21.2%, with dividends contributing 20.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $12,118 today.
MFAO Recent Dividend Payments
Last 10 payments · Quarterly
TTM Total$5.80
Avg/Payment$0.5800
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Oct 30, 2026Latest | $0.5625 | — | 8.92% | Nov 16, 2026 |
| Jul 31, 2026 | $0.5625 | — | 8.99% | Aug 17, 2026 |
| May 1, 2026 | $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 |
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
2Y
— 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% | 2 | Sustainable |
3rd  MFAMFA Financial, Inc. | $781M | 23.4% | 1.1% | 1 | Sustainable |
 MITTTPG Mortgage Investm… | $183M | 13.7% | 50.3% | 2 | Sustainable |
2nd  GPMTGranite Point Mortga… | $36M | 28.5% | — | 0 | Unknown |
 BXMTBlackstone Mortgage … | $1.8B | 17.3% | 2.9% | 0 | Sustainable |
1st  RCReady Capital Corpor… | $187M | 60.0% | — | 0 | Unknown |
 TPVGTriplePoint Venture … | $199M | 20.9% | 83.9% | 0 | Watch |
 NLYAnnaly Capital Manag… | $13.9B | 15.9% | 92.8% | 1 | At Risk |
 AGNCAGNC Investment Corp… | $10.1B | 17.8% | 95.9% | 0 | At Risk |
MFAO Annual Dividend History (1998–2026)
29 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.25 | — | 4 | — | — | — | 9.0% |
| 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 | $-2.57 | — | — | — |
| 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 & Technical Research Suite
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MFAO — 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 Quarterly.
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 Quarterly.
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 +72.1%. The 2-year growth streak provides moderate confidence.
How many years has MFAO increased its dividend?
MFAO has 2 consecutive years of dividend growth. The 5-year dividend CAGR is N/A.
How often does MFAO pay dividends?
MFA Financial, Inc. 9.000% 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 MFAO grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MFAO five years ago would be worth approximately $12,118 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 the lower original cost basis.