Two Harbors Investment Corp.
S&P 500TWO/Real Estate · REIT - Mortgage/NYSE
Dividend Yield
11.56%
$1.41 · Annual Dividend
Dividend Safety Rating
TWO's dividend shows some areas that warrant monitoring. Strengths include a 75.9% earnings payout ratio & 4.2% net debt / total assets. Areas of concern: 304.2% fcf payout ratio & 126.0% cfo payout ratio. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.
Based on 13 of 15 metrics
Strengths
- Earnings Payout Ratio: 75.9%Low earnings payout ratio leaves room to grow the dividend.
- Net Debt / Total Assets: 4.2%Healthy balance sheet with low net debt.
- Operating Margin: 27.6%Healthy operating margin provides a wide buffer.
Risks
- FCF Payout Ratio: 304.2%Free cash flow is tight relative to the dividend.
- CFO Payout Ratio: 126.0%Operating cash flow leaves little room for the payout.
- Current Ratio: 0.2xLimited short-term liquidity to meet obligations.
Payout & Coverage
WarningBalance Sheet
CautionProfitability
CautionDividend Track Record
CautionAbout Two Harbors Investment Corp.
Two Harbors Investment Corp. is a real estate investment trust (REIT) specializing in mortgage-backed securities and related investments. The primary function of Two Harbors Investment Corp. is to provide financial solutions through a diversified portfolio focused primarily on agency residential mortgage-backed securities (RMBS), non-agency securities, and mortgage servicing rights (MSRs). This REIT plays a significant role in the housing finance sector by investing in assets that are pivotal to the health and stability of the residential mortgage market. By managing a composite of fixed-rate and adjustable-rate securities, Two Harbors aims to effectively navigate interest rate changes and mortgage prepayments. Due to its focus on mortgage assets, the corporation impacts sectors including housing, finance, and real estate. It offers investors exposure to the dynamics of the U.S. housing market while adhering to REIT regulations that mandate the distribution of a substantial portion of taxable income as dividends. Established in 2009 and headquartered in Minnetonka, Minnesota, Two Harbors Investment Corp. has positioned itself as a vital player in the mortgage REIT space, providing insights into mortgage market trends.
Dividend Overview
Dividend Yield
11.56%
Annual Dividend
$1.41
Frequency
Quarterly
Payout Ratio
75.95%
FCF Payout Ratio
304.21%
52-Week Range
$8.78 - $14.17
Dividend History (2016–2025)
TWO annual dividend per share and yield history
Earnings & Profitability
TWO earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
July 2, 2026
Next Payment Date
July 15, 2026
Dividend Growth
3-Year Dividend CAGR
-7.21%
5-Year Dividend CAGR
-4.01%
10-Year Dividend CAGR
-13.33%
3-Year Total Growth
-20.10%
5-Year Total Growth
-18.50%
10-Year Total Growth
-76.08%
Income Calculator
Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.