MFA Financial revokes dividends, Shares up 23%

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MFA Financial (NYSE:MFA) revokes its 1Q20 quarterly dividends on common stock and 7.50% Series B cumulative redeemable preferred stock.

The quarterly cash dividend of $0.20/share was declared on March 11, 2020, while Series B preferred stock dividend was declared on February 14.

MFA +23.7% after hours to $1.41

Source: Press Release

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