Two Harbors Investment Corp. Announces Second Quarter 2024 Common and Preferred Stock Dividends

Rhea-AI Summary

Two Harbors Investment Corp. (NYSE: TWO) announced a dividend of $0.45 per share of common stock for the second quarter of 2024, payable on July 29, 2024, to common stockholders of record on July 5, 2024. The dividend reflects several factors including earnings, portfolio return potential, and market environment. Additionally, preferred stock dividends have been declared: $0.50781 per share for the 8.125% Series A, $0.47656 per share for the 7.625% Series B, and $0.45313 per share for the 7.25% Series C, all payable on July 29, 2024, to preferred stockholders of record on July 12, 2024.

Positive

• Declared a dividend of $0.45 per share of common stock for Q2 2024.
• Dividends declared for Series A, B, and C preferred stocks.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, today declared a dividend of $0.45 per share of common stock for the second quarter of 2024. The second quarter dividend is payable on July 29, 2024 to common stockholders of record at the close of business on July 5, 2024. The common stock dividend is a function of several factors, including sustainability, earnings and return potential of the portfolio, taxable income, impact to book value and the market environment.

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; and
• a dividend of $0.45313 per share of the 7.25% Series C Cumulative Redeemable Preferred Stock.

The Series A, Series B and Series C preferred dividends are payable on July 29, 2024 to the applicable preferred stockholders of record at the close of business on July 12, 2024.

Two Harbors Investment Corp.

Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. Two Harbors is headquartered in St. Louis Park, MN.

Additional Information

Stockholders of Two Harbors and other interested persons may find additional information regarding the company at www.twoharborsinvestment.com, at the Securities and Exchange Commission’s internet site at www.sec.gov or by directing requests to: Two Harbors Investment Corp., 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416, (612) 453-4100.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618890460/en/

Margaret Karr, Head of Investor Relations, Two Harbors Investment Corp., 612-453-4080, margaret.karr@twoharborsinvestment.com.

Source: Two Harbors Investment Corp.

FAQ

What is the dividend amount declared by Two Harbors Investment Corp. for Q2 2024?

Two Harbors Investment Corp. declared a $0.45 per share dividend for common stock in Q2 2024.

When is the dividend payment date for Two Harbors Investment Corp. (TWO) common stock in Q2 2024?

The dividend payment date for Two Harbors Investment Corp. common stock is July 29, 2024.

What are the dividend amounts for Two Harbors Investment Corp. preferred stocks?

The dividend amounts are $0.50781 per share for Series A, $0.47656 per share for Series B, and $0.45313 per share for Series C.

What is the record date for Two Harbors Investment Corp. (TWO) common stock dividend in Q2 2024?

The record date for the common stock dividend is July 5, 2024.

When are the dividends for Two Harbors Investment Corp. (TWO) preferred stocks payable?

The preferred stock dividends are payable on July 29, 2024.