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

Two Harbors Investments Corp (NYSE:TWO) declared a quarterly dividend on Thursday, August 21st, Wall Street Journal reports. Investors of record on Friday, October 3rd will be given a dividend of 0.34 per share by the real estate investment trust on Wednesday, October 29th. This represents a c) annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Friday, October 3rd.

Two Harbors Investments has a dividend payout ratio of 120.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Two Harbors Investments Stock Down 5.5%

Shares of TWO opened at $9.5750 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $10.27 and a two-hundred day moving average price of $11.60. The stock has a market cap of $997.04 million, a price-to-earnings ratio of -2.69 and a beta of 1.25. Two Harbors Investments has a 12 month low of $9.49 and a 12 month high of $14.28.

Two Harbors Investments (NYSE:TWO) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of ($18.12) million during the quarter, compared to analysts’ expectations of ($23.29) million. Two Harbors Investments had a positive return on equity of 9.39% and a negative net margin of 67.06%. Equities analysts predict that Two Harbors Investments will post 0.81 EPS for the current fiscal 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.