Two Harbors Investments Corp (NYSE:TWO) Declares $0.34 Quarterly Dividend

Two Harbors Investments Corp (NYSE:TWO) announced a quarterly dividend on Thursday, December 18th. Shareholders of record on Monday, January 5th will be paid 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 11.9%. 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%annually over the last three years and has raised 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 tumble.

Two Harbors Investments Stock Up 0.9%

Shares of Two Harbors Investments stock traded up $0.10 during midday trading on Friday, hitting $11.42. The company’s stock had a trading volume of 518,554 shares, compared to its average volume of 1,794,156. Two Harbors Investments has a 1-year low of $9.30 and a 1-year high of $14.28. 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 firm has a market capitalization of $1.19 billion, a P/E ratio of -4.57 and a beta of 1.20. The stock has a 50-day simple moving average of $9.87 and a 200-day simple moving average of $10.08.

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

About Two Harbors Investments

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.