MFA Financial, Inc.
MFAReal Estate · Stock · quarterly payer
Forward Yield
15.24%
Annual Dividend
$1.44
Payout Ratio
164%
5-Yr Growth
7.6%
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of July 2026, MFA Financial, Inc. (MFA) yields 15.24% ($1.44 per share annually), with a blended fair-value estimate of $23.29 — +146% upside, so it screens as undervalued. Dividend safety grade: D (46/100). 1 years of dividend growth.
Is MFA a good dividend stock?
MixedMFA Financial, Inc. (MFA) pays a quarterly dividend yielding 15.24% ($1.44/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 7.6% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Elevated payout ratio (164%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 15.24%
- Payout Ratio
- 164%
- Annual Dividend
- $1.44
- 5-Yr Avg Growth
- 7.6%
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.50
- Market Cap
- $964.8M
- P/E Ratio
- 10.7
- 5-Yr Total Return
- -51%
- 52-Week Range
- $8.78 – $10.57
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
MFA Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
-14%
5 Years
-51%
52-Week Range
$8.78 – $10.57
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MFA worth?
Undervaluedlow confidenceOur blended fair-value estimate for MFA Financial, Inc. is $23.29 per share, versus a market price of $9.45. That implies 146% of upside — a margin of safety of about 59%.
Fair Value
$23.29
Current Price
$9.45
Upside
+146%
Margin of Safety
59%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 11.8% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.88 EPS, $1.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MFA Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.3600 | regular |
| Mar 31, 2026 | — | $0.3600 | regular |
| Dec 31, 2025 | — | $0.3600 | regular |
| Sep 30, 2025 | — | $0.3600 | regular |
| Jun 30, 2025 | — | $0.3600 | regular |
| Mar 31, 2025 | — | $0.3600 | regular |
| Dec 31, 2024 | — | $0.3500 | regular |
| Sep 27, 2024 | — | $0.3500 | regular |
| Jun 28, 2024 | — | $0.3500 | regular |
| Mar 27, 2024 | — | $0.3500 | regular |
| Dec 28, 2023 | — | $0.3500 | regular |
| Sep 29, 2023 | — | $0.3500 | regular |
| Jun 29, 2023 | — | $0.3500 | regular |
| Mar 30, 2023 | — | $0.3500 | regular |
Income Calculator
At $1.44 / yr per share
