MFA Financial's Preferred Stock Hits 10% Yield Mark Amid Trading Gains

MFA Financial's 6.50% Series C Fix/Float Cumulative Redeemable Preferred Stock (MFA.PRC) has crossed the 10% yield mark due to its quarterly dividend of $2.3196. The stock is currently trading at a 6.32% discount to its liquidation preference amount, lower than the average discount in the "Real Estate" category. MFA Financial's common shares (MFA) are up 1.2% on the day.