MFA Financial's Series C Preferred Stock Yield Pushes Past 7%

In trading on Monday, shares of MFA Financial, Inc.'s 6.50% Series C Fix/Float Cumulative Redeemable Preferred Stock (MFA. RC) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $23.08 on the day.