MFA Financial (NYSE:MFA) will hand out a quarterly dividend for its fiscal Q1 2013. The company will distribute $0.22 per share of its common stock on April 30 to shareholders of record as of April 12. That amount represents an even 10% increase over the previous payout of $0.20, which was paid at the end of January.
Between that disbursement and the current one, the mortgage REIT also dispensed a special dividend. This was $0.50 per share, and it was paid earlier this month.
The new regular dividend annualizes to $0.88 per share. That yields 9.4% at MFA Financial's current stock price of $9.32.
Fool contributor Eric Volkman has no position in MFA Financial, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.