By Corey Mann MFA stock is up over 200% after deciding to cancel dividend payouts. MFA Financial (NYSE:MFA) made the announcement on March 25th due to the coronavirus outbreak and the uncertainty in the stock market.
This decision was made to give MFA time to assess how the stock market drop will affect their business overall. Since the press release, the company’s stock is surging in the right direction.
MFA Financial is a real estate investment trust that primarily invests in residential mortgage assets. This includes residential mortgage-backed securities and whole loans.
How Has the Announcement Affected MFA Stock?
Before the announcement on March 25th, MFA Financial …read more
