MFA Financial's Series B Preferred Stock Shares Cross 7.5% Yield Mark

In trading on Wednesday, shares of MFA Financial, Inc.'s 7.50% Series B Cumulative Redeemable Preferred Stock (NYSE: MFA.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $24.85 on the day. This compares to an average yield of 6.85% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, MFA.PRB was trading at a 0.20% premium to its liquidation preference amount, versus the average premium of 4.32% in the "Real Estate" category.

Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com »

The chart below shows the one year performance of MFA.PRB shares, versus MFA:

Below is a dividend history chart for MFA.PRB, showing historical dividend payments on MFA Financial, Inc.'s 7.50% Series B Cumulative Redeemable Preferred Stock:

In Wednesday trading, MFA Financial, Inc.'s 7.50% Series B Cumulative Redeemable Preferred Stock (NYSE: MFA.PRB) is currently off about 0.8% on the day, while the common shares (NYSE: MFA) are up about 0.2%.