Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 305

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 305
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IT for U.S. federal income tax purposes commencing with our taxable year ended December 31, 1998 and, as such, anticipate distributing at least 90% of our REIT taxable income within the timeframe permitted by the Code.  Although we may borrow funds to make distributions, cash for such distributions has generally been, and is expected to continue to be, largely generated from our results of our operations.

The table below provides details of dividends on our common stock declared during the years 2024 and 2023:

Year Declaration Date Record DatePayment DateDividend Per Share2024December 11, 2024December 31, 2024January 31, 2025$0.35(1)September 12, 2024September 27, 2024October 31, 20240.35June 11, 2024June 28, 2024July 31, 20240.35March 7, 2024March 28, 2024April 30, 20240.352023December 13, 2023December 29, 2023January 31, 2024$0.35(2)September 20, 2023October 2, 2023October 31, 20230.35June 15, 2023June 30, 2023July 31, 20230.35March 10, 2023March 31, 2023April 28, 20230.35

(1)At December 31, 2024, we had accrued dividends and dividend equivalents payable of $36.0 million related to the common stock dividend declared on December 11, 2024. This dividend will be treated as a dividend paid in 2025 to the extent of the Company’s earnings and profits in 2025.

(2)At December 31, 2023, we had accrued dividends and dividend equivalents payable of $35.8 million related to the common stock dividend declared on December 13, 2023. A portion of this dividend was considered taxable income to the recipient in 2024. For more information see the Company’s 2024 Dividend Tax Information on its website.

We have not established a minimum payout level for our common stock.  Dividends are declared and paid at the discretion of our Board and depend on our cash available for distribution, financial condition, ability to maintain our