Stock Pick of the Week: MFA (5/11/20)

Stock Pick of the Week: MFA

Here’s a wild card pick, MFA Financial. I haven’t invested in penny stocks in years but I came across this particular one because it has an extremely high dividend (the amount a company pays its shareholders) yield and a very low price.

If you bought 50 shares of this stock which is currently trading at $1.64, you could have $40 dollars of passive income a year.

A good thing about the Coronavirus pandemic is that all the stocks are on sale! MFA was trading at around $8 about two months ago, so you have the opportunity to make a real profit.

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