Two Harbors Investment Corp. - TWO STOCK NEWS

Two Harbors Investment Corp (NYSE: TWO) announced a fourth quarter dividend of $0.60 per share for common stock. This dividend is payable on January 27, 2023, to stockholders of record as of January 5, 2023. The company's decision on dividends is influenced by factors like earnings, portfolio return potential, and market conditions. Additionally, preferred stock dividends were declared for Series A, B, and C, with amounts ranging from $0.45313 to $0.50781, payable on the same date to respective stockholders.

Two Harbors Investment Corp. (NYSE: TWO) reported a book value of $16.42 per common share for Q3 2022, reflecting a quarterly economic return of -16.2%. The company experienced a comprehensive loss of $287.8 million, equating to $(3.35) per basic share. Earnings Available for Distribution stood at $55.2 million, or $0.64 per share. The debt-to-equity ratio rose to 5.5x, with economic debt-to-equity at 7.5x. A quarterly dividend of $0.68 was declared. Post-quarter, the company repurchased 2.9 million shares, contributing $0.26 to book value. A reverse stock split was implemented on November 1, 2022.

Two Harbors Investment Corp. (NYSE: TWO) has successfully executed a one-for-four reverse stock split, reducing its outstanding shares from approximately 345 million to 86 million. Correspondingly, the authorized shares decreased from 700 million to 175 million, while the par value per share remains unchanged. Shareholders are advised to consult with their financial and tax advisors regarding the implications of this move. The company emphasizes that the press release includes forward-looking statements that involve risks and uncertainties, as detailed in its SEC filings.

Two Harbors Investment Corp (NYSE: TWO) reported preliminary estimated financial results for Q3 2022. The estimated book value per share is between $4.09 and $4.13, while comprehensive loss is estimated at $0.81 to $0.85 per share. Earnings Available for Distribution (EAD) is projected to be between $0.15 and $0.17 per share. The company's liquidity remains strong, with approximately $730 million in unrestricted cash. Q3 actual results will be announced on November 8, 2022.

Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q3 2022 after market close on November 8, 2022. The company, which focuses on Agency and MSR mortgage-backed securities, will host a conference call on November 9, 2022, at 9:00 a.m. ET to discuss these results. Investors can access the call via the company's website or by phone. Playback will be available until November 23, 2022. Further information can be found on their official website and the SEC site.

Two Harbors Investment Corp (NYSE: TWO) has announced a dividend of $0.17 per share for common stock for Q3 2022, payable on October 28, 2022, with the record date of October 3, 2022. Preferred stock dividends include $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on October 27, 2022. Additionally, the company will implement a 1-for-4 reverse stock split effective November 1, 2022, to enhance share price and market appeal.

Two Harbors Investment Corp (NYSE: TWO) is set to present at the 2022 Barclays Global Financial Services Conference on September 12, 2022, at 2:45 p.m. ET. The conference will take place at the Hilton Midtown in New York City. Investors can access a live webcast of the presentation through the company’s website, with a replay available for one year. Two Harbors, a Maryland-based REIT, focuses on residential mortgage-backed securities and mortgage servicing rights.

Two Harbors Investment Corp (NYSE: TWO) has appointed Nick Letica as its new Chief Investment Officer (CIO), succeeding William Greenberg, who retains his roles as President and CEO. Letica, with over 30 years of experience in the Agency mortgage sector, previously held leadership roles at TD Securities and Citigroup. The company expects Letica to enhance its Investment and Hedging Strategy, aiming to provide attractive risk-adjusted returns to shareholders.

Two Harbors Investment Corp. (NYSE: TWO) reported a comprehensive loss of $90.4 million for Q2 2022, equating to an annualized return on average common equity of (19.1)%. The book value per share decreased to $5.10, reflecting a (4.7)% return on book value. However, the firm declared a dividend of $0.17 per share and grew its RMBS portfolio by $3.4 billion, increasing the economic debt-to-equity ratio from 5.3x to 6.4x. The acquisition of RoundPoint Mortgage Servicing Corporation signals potential for enhancing its MSR strategy.