Two Harbors Investment Corp. Announces Fourth Quarter 2020 Common and Preferred Stock Dividends

Rhea-AI Summary

Two Harbors Investment Corp (NYSE: TWO) declared a fourth-quarter dividend of $0.17 per share, a 21% increase from Q3 2020. This dividend is payable on January 29, 2021, for stockholders on record by December 30, 2020. Additionally, preferred stock dividends were announced for various series ranging from $0.45313 to $0.50781 per share, payable on different dates in January 2021. The company continues its focus on investing in residential mortgage-backed securities and mortgage servicing rights.

Positive

• Dividend increase of 21% signals strong performance and shareholder returns.
• Upcoming payments for preferred stock dividends enhance investor confidence.

Negative

• None.

Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today declared a dividend of $0.17 per share of common stock for the fourth quarter of 2020, representing an increase of 21% from the common stock dividend for the third quarter of 2020. The fourth quarter dividend is payable on January 29, 2021 to common stockholders of record at the close of business on December 30, 2020.

Two Harbors also declared today the following preferred stock dividends:

• a dividend of $0.50781 per share of the 8.125% Series A Cumulative Redeemable Preferred Stock;
• a dividend of $0.47656 per share of the 7.625% Series B Cumulative Redeemable Preferred Stock;
• a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock;
• a dividend of $0.484375 per share of the 7.75% Series D Cumulative Redeemable Preferred Stock; and
• a dividend of $0.46875 per share of the 7.50% Series E Cumulative Redeemable Preferred Stock.

The Series A, Series B and Series C preferred dividends are payable on January 27, 2021 to the applicable preferred stockholders of record at the close of business on January 12, 2021. The Series D and Series E preferred dividends are payable on January 15, 2021 to the applicable preferred stockholders of record at the close of business on January 1, 2021.

Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets. Two Harbors is headquartered in Minnetonka, MN. Additional information is available at www.twoharborsinvestment.com.

Additional Information

Stockholders of Two Harbors and other interested persons may find additional information regarding the company at the Securities and Exchange Commission’s Internet site at www.sec.gov or by directing requests to: Two Harbors Investment Corp., 601 Carlson Parkway, Suite 1400, Minnetonka, MN, 55305, telephone 612-453-4100.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201217006055/en/

FAQ

What is the dividend amount declared by Two Harbors Investment Corp for Q4 2020?

Two Harbors declared a dividend of $0.17 per share for Q4 2020.

When will the Q4 2020 dividend for Two Harbors be paid?

The Q4 2020 dividend will be paid on January 29, 2021.

What are the preferred stock dividends declared by Two Harbors?

Preferred stock dividends range from $0.45313 to $0.50781 per share.

When are the preferred stock dividends for Two Harbors payable?

The Series A, B, and C preferred dividends are payable on January 27, 2021, and Series D and E on January 15, 2021.