Two Harbors Investments Corp (TWO) to Distribute Quarterly Dividend of $0.34 on July 15th

Two Harbors Investments Corp (NYSE:TWO) declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.34 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date is Thursday, July 2nd.

Two Harbors Investments has decreased its dividend by an average of 0.0%per year 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. Research analysts expect Two Harbors Investments to earn $1.08 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 125.9%.

Two Harbors Investments Trading Down 0.2%

Shares of TWO stock opened at $12.40 on Tuesday. The stock’s fifty day moving average price is $12.16 and its two-hundred day moving average price is $11.48. The company has a market cap of $1.30 billion, a PE ratio of -3.25 and a beta of 1.04. Two Harbors Investments has a fifty-two week low of $8.78 and a fifty-two week high of $14.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.06.

Two Harbors Investments (NYSE:TWO) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%.The business had revenue of $225.08 million for the quarter, compared to analyst estimates of $2.33 million. Equities analysts predict that Two Harbors Investments will post 0.8 EPS for the current fiscal 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.