Two Harbors Investments Corp (TWO) to Issue Quarterly Dividend of $0.34 on January 29th

Two Harbors Investments Corp (NYSE:TWO) declared a quarterly dividend on Thursday, December 18th. Shareholders of record on Monday, January 5th will be given a dividend of 0.34 per share by the real estate investment trust on Thursday, January 29th. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Monday, January 5th.

Two Harbors Investments has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Two Harbors Investments has a payout ratio of 90.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Two Harbors Investments Trading Up 0.7%

Shares of TWO stock opened at $10.58 on Friday. Two Harbors Investments has a 12-month low of $9.30 and a 12-month high of $14.28. The firm has a 50 day moving average price of $10.12 and a two-hundred day moving average price of $10.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $1.10 billion, a PE ratio of -4.23 and a beta of 1.19.

Two Harbors Investments (NYSE:TWO) last announced its earnings results on Monday, March 7th. The real estate investment trust reported $0.24 earnings per share for the quarter. The company had revenue of ($18.67) million for the quarter. Two Harbors Investments had a positive return on equity of 11.92% and a negative net margin of 44.10%. As a group, analysts predict that Two Harbors Investments will post 0.81 earnings per share for the current year.

About Two Harbors Investments

Two Harbors Investments Corp. is a mortgage real estate investment trust (mREIT) that primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as non-agency residential mortgage loans, mortgage servicing rights and credit risk transfer securities. The company seeks to generate attractive risk-adjusted returns for its shareholders by employing leverage to enhance net interest income derived from its portfolio of high-quality fixed-income assets.

Headquartered in Minneapolis, Minnesota, Two Harbors operates through a self-managed platform that combines portfolio management, risk-management and securitization expertise.