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

Two Harbors Investments Corp (NYSE:TWO) announced a quarterly dividend on Thursday, June 18th. Investors 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) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Thursday, July 2nd.

Two Harbors Investments has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Two Harbors Investments has a dividend payout ratio of 90.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 Stock Performance

Shares of TWO opened at $12.37 on Friday. The stock has a 50 day moving average of $11.97 and a 200 day moving average of $11.37. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -3.24 and a beta of 1.04. Two Harbors Investments has a 12 month low of $8.78 and a 12 month high of $14.17. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Two Harbors Investments (NYSE:TWO) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.13. The business had revenue of $225.08 million for the quarter, compared to analysts’ expectations of $2.33 million. Two Harbors Investments had a positive return on equity of 13.62% and a negative net margin of 87.72%. As a group, sell-side analysts forecast that Two Harbors Investments will post 0.8 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.