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Pick Up This Bargain 7.2% Yielder Even Cheaper Than Sr. VP and Co-CIO Wulfsohn Did

By Dividend Channel Staff, Wednesday, September 23, 3:27 PM ET

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 7, MFA Financial, Inc.'s Sr. VP and Co-CIO, Bryan Wulfsohn, invested $100,700.00 into 37,500 shares of MFA, for a cost per share of $2.69. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Wednesday, bargain hunters could buy shares of MFA Financial, Inc. (NYSE:MFA) and achieve a cost basis 1.3% cheaper than Wulfsohn, with shares changing hands as low as $2.65 per share. MFA Financial, Inc. shares are currently trading off about 4.1% on the day. The chart below shows the one year performance of MFA shares, versus its 200 day moving average:

MFA Financial, Inc. Chart

Looking at the chart above, MFA's low point in its 52 week range is $1 per share, with $8.09 as the 52 week high point — that compares with a last trade of $2.66. By comparison, below is a table showing the prices at which MFA insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/07/2020 Bryan Wulfsohn Sr. VP and Co-CIO 37,500 $2.69 $100,700.00

The current annualized dividend paid by MFA Financial, Inc. is $0.2/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/29/2020. Below is a long-term dividend history chart for MFA, which can be of good help in judging whether the most recent dividend with approx. 7.2% annualized yield is likely to continue.


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