Two Harbors Investments Corp (TWO) To Go Ex-Dividend on April 2nd

Two Harbors Investments Corp (NYSE:TWO) announced a quarterly dividend on Thursday, March 19th. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.34 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Thursday, April 2nd.

Two Harbors Investments has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive 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 decline.

Two Harbors Investments Price Performance

Shares of NYSE:TWO opened at $10.76 on Friday. Two Harbors Investments has a 1-year low of $8.78 and a 1-year high of $14.17. The firm has a market capitalization of $1.13 billion, a PE ratio of -2.20 and a beta of 1.18. The business’s 50 day moving average is $11.28 and its 200-day moving average is $10.49. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The firm had revenue of $182.18 million for the quarter, compared to the consensus estimate of ($15.44) million. Two Harbors Investments had a negative net margin of 109.90% and a positive return on equity of 12.00%. Sell-side 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.