MFA Financial, Inc. · MFA · NYSE
Dividend report · updated Nov 11, 2026
$5.88 -1.51% on the day, -$0.09
MFA stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is MFA’s dividend Very Safe or High Risk? 7 checks scored. Payout ratio, raise streak, recession record and 4 more. Show the rating
Yearly payout / yield
$1.44·24.49%
$0.36 quarterly x 4 ⓘ
Next payment
~$0.36/qtr
pays ~Jan 7, 2027 (est.) ⓘ
Next ex-date
Jan 5, 2027est.
own by Jan 4, 2027 ⓘ
Years without a cut
5 yrs
raised last year ⓘ
Paying since
1998
116 payments on file
Yield vs history ⓘ
85
Well above its usual yield
MFA share price & total return
Daily closing price, adjusted for stock splits.
MFA stock page »All dividend lists »Build a portfolio around MFA »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
MFA Dividend Growth (CAGR)
1Y 0.0%3Y +0.9%5Y -3.9%10Y -7.7%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 116 payments since 1998.
Annual dividends and growth
Total paid per share in each calendar year. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: 0% a year, its typical raise over the last 5 years. Today's $1.44 a year would stay $1.44 by 2031 - 24.49% on today's $5.88 price.

How Many MFA Shares for $500 or $1,000 a Month?

At $1.44 a share a year, $500 a month takes about 4,167 MFA shares, about $24,502 at the Nov 11, 2026 close of $5.88. $1,000 a month takes about 8,334 shares, about $49,004. Before taxes, and only while the rate holds.

MFA Financial (MFA) pays $0.36 a share quarterly, $1.44 a year, a 24.49% run-rate yield at the Nov 11, 2026 close of $5.88. It has paid since 1998 and raised its annual dividend 1 years in a row.

At today’s rate of $0.36 quarterly and the last close of $5.88, this is what MFA pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.36$0.12$1.44
100 shares$36.00$12.00$144.00
$10,000 invested (1,700.7 shares)$612.24$204.08$2,448.98
4,167 shares ($500/mo)$1,500.12$500.04$6,000.48
8,334 shares ($1,000/mo)$3,000.24$1,000.08$12,000.96

With DRIP on, every payment buys more shares instead of landing as cash. 100 MFA shares reinvest into 6.12 new shares each payment, about 26.8 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 17 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with MFA’s own history in the MFA DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See MFA’s rating and its 7 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (cash flow): does cash from the business cover the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

MFA Dividend Yield Today vs Its 5-Year Range

85/100Well above its usual yieldvs its 5-yr history
  • MFA yields 24.49% today, at the Nov 11, 2026 close of $5.88.
  • Its own 5-year median is 13.16%, so today’s yield is well above its usual level.
Last 5 years: lowest to highest month-end yield
9.32% low22.62% high
Blue mark = today, grey = its 5-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 5 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is MFA’s Next Dividend? Ex-Date and Pay Date After October 2026

MFA has not declared its next dividend yet. By its usual rhythm of about 92 days between ex-dates, the next ex-date falls around Jan 5, 2027, with the cash around Jan 7, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.36 a share, went ex on Oct 5, 2026 and paid Oct 7, 2026.

  • Ex-dates: about every 92 days (quarterly)
  • Payment: usually about 2 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does MFA Pay?

MFA pays quarterly, 4 times a year. Recent payments arrived in Jan, Apr, Jul and Oct, with ex-dates in Mar, Jun, Oct and Dec. The ex-date comes about every 92 days, and the cash usually lands about 2 days later.

Paid in the last 12 months
$1.44 a share, in 4 payments.
+0.7% against the 12 months before ($1.43 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Jan, Apr, Jul and Oct. Ex-dates fall in Mar, Jun, Oct and Dec (latest 4 payments).
Raise history
  • Streak: 1 year of higher annual totals (through 2025)
  • Last raise: Mar 31, 2025 - $0.35 to $0.36 (+$0.01, +2.86%)
  • Usual $ step: $0.08 (median of the raises before it)
Coverage
  • FFO payout (approx.): n/a (FFO negative) - $1.44 paid / $-0.11 FFO per share (net income + depreciation & amortization, 4 quarters to Sep 30, 2026)
  • Cash-flow payout: 60.1% - $1.44 paid / $2.39 operating cash flow per share (4 quarters to Sep 30, 2026); own 4-yr norm 91.4% (median of 12 earlier trailing years)
  • GAAP EPS payout (context): n/a (EPS negative) - $1.44 paid / -$0.54 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 185.4% (median of 12 earlier trailing years)
REITs pay from funds from operations; GAAP EPS understates coverage.

MFA vs Similar Dividend Stocks (NWHUF, MFAO...)

Against the 10 dividend-paying Real Estate companies closest to MFA in market value, MFA’s 24.49% run-rate yield is above the group’s middle yield of 8.99%, and its raise streak of 1 year is the 3rd longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating No cut ⓘ
MFA $5.88MFA Financial $0.36/qtr$1.44/yr fwd 24.49% Dividend Safety Rating: paid plans only 5 yrsraised 1 yr in a row
NWHUF $3.45Vital Infrastructure Property Trust $0.021/mo$0.25/yr fwd 7.30% Dividend Safety Rating: paid plans only 2 yrsno raise streak
MFAO $24.55MFA Financial, Inc. 9.000% Senior Notes $0.563/qtr$2.25/yr fwd 9.17% Dividend Safety Rating: paid plans only —no raise streak
CIM $6.99Chimera Investment $0.45/qtr$1.80/yr fwd 25.75% Dividend Safety Rating: paid plans only 2 yrsraised 1 yr in a row
IVR $5.34Invesco Mortgage Capital $0.12/mo$1.44/yr fwd 26.97% Dividend Safety Rating: paid plans only 0 yrsno raise streak
AHRT $6.36AH Realty Trust $0.14/qtr$0.56/yr fwd 8.81% Dividend Safety Rating: paid plans only 0 yrsno raise streak
BDN $3.10Brandywine Realty Trust $0.08/qtr$0.32/yr fwd 10.32% Dividend Safety Rating: paid plans only 0 yrsno raise streak
UHT $38.80Universal Health Realty Income Trust $0.75/qtr$3.00/yr fwd 7.73% Dividend Safety Rating: paid plans only 38+ yrsraised 38+ yrs in a row
PMT $7.87PennyMac Mortgage Investment Trust $0.40/qtr$1.60/yr fwd 20.33% Dividend Safety Rating: paid plans only 3 yrsno raise streak
PSTL $22.71Postal Realty Trust $0.245/qtr$0.98/yr fwd 4.32% Dividend Safety Rating: paid plans only 5+ yrsraised 5 yrs in a row
SRRTF $12.52Slate Grocery REIT $0.072/mo$0.86/yr fwd 6.90% Dividend Safety Rating: paid plans only 9+ yrsno raise streak

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: MFA vs NWHUF, MFA vs MFAO, MFA vs CIM.

MFA Dividend History: Every Payment Since 1998

Ex-datePay dateAmountFrequencyType
Oct 5, 2026Oct 7, 2026$0.36QuarterlyRegular
Jun 30, 2026Jul 2, 2026$0.36QuarterlyRegular
Mar 31, 2026Apr 2, 2026$0.36QuarterlyRegular
Dec 31, 2025Jan 2, 2026$0.36QuarterlyRegular
Sep 30, 2025Oct 2, 2025$0.36QuarterlyRegular
Jun 30, 2025Jul 2, 2025$0.36QuarterlyRegular
Mar 31, 2025Apr 2, 2025$0.36QuarterlyRegular
Dec 31, 2024Jan 2, 2025$0.35QuarterlyRegular
Sep 27, 2024Sep 30, 2024$0.35QuarterlyRegular
Jun 28, 2024Jul 1, 2024$0.35QuarterlyRegular
The other 106 MFA payments come with a paid plan.
Show all 116 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for MFA

UnlockDividend Safety Rating: paid plans only
See where MFA lands, and why.
See the rating & factors »
Own MFA? Your payouts fill in by themselves Add MFA once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track MFA →

MFA Dividend Questions

How often does MFA pay dividends?

MFA pays quarterly, 4 times a year. Recent payments arrived in Jan, Apr, Jul and Oct, with ex-dates in Mar, Jun, Oct and Dec. The ex-date comes about every 92 days, and the cash usually lands about 2 days later.

Does MFA pay dividends monthly?

No. MFA pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next MFA dividend?

MFA has not declared its next dividend yet. By its usual rhythm of about 92 days between ex-dates, the next ex-date falls around Jan 5, 2027, with the cash around Jan 7, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $0.36 a share, went ex on Oct 5, 2026 and paid Oct 7, 2026. The current rate is $0.36 per share, $1.44 a year.

Does MFA pay a dividend in January 2027?

Not declared yet. By its usual rhythm the next ex-date falls around Jan 5, 2027, with the cash around Jan 7, 2027, so a payment in January 2027 is likely. Only the company’s declaration makes it final.

How much does MFA pay per share?

MFA pays $0.36 a share quarterly, $1.44 a year. At the Nov 11, 2026 close of $5.88 that is a 24.49% run-rate yield, well above its usual level: its own 5-year median is 13.16%.

Has MFA raised its dividend?

Yes. MFA has raised its annual dividend 1 years in a row, through 2025. The latest raise, on Mar 31, 2025, took the rate from $0.35 to $0.36 (+2.86%). Over five years the dividend grew -3.9% a year.

Is MFA’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. MFA paid out 60% of its cash flow as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 1 years in a row and gone 5 years without a cut. This is data, not investment advice. The full 7-check rating comes with a plan.

How do I track my MFA dividends?

Add MFA to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run MFA in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 11, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 7 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.