# Two Harbors Investment Corp. (TWO): Dividend & Fundamentals

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- Sector: Real Estate · Industry: REIT - Mortgage
- Exchange: NYSE · Trading currency: USD

Two Harbors Investment Corp. (TWO) operates as a Real Estate Investment Trust (REIT) with a strategic focus on the U.S. mortgage market. The firm is actively involved in acquiring, funding, and overseeing a diverse portfolio of financial instruments, primarily residential mortgage-backed securities (RMBS). This portfolio encompasses both agency RMBS – which are often backed by fixed-rate, adjustable-rate, and hybrid adjustable-rate mortgage loans – as well as non-agency securities, mortgage servicing rights (MSRs), and other related financial assets. Being structured as a REIT grants the co...

## Quote & Key Metrics

As of 2026-08-24:

| Metric | Value |
|---|---|
| Price | $12.18 USD |
| Market Cap | $1.28B |
| P/E (TTM) | 9.82 |
| EPS (TTM) | $1.24 |
| 52-Week Range | $8.78 – $14.17 |
| Dividend Yield (TTM) | 11.17% |

## Dividend

| Metric | Value |
|---|---|
| Yield (TTM) | 11.17% |
| Annual Dividend (TTM) | $1.36 /share |
| Annual Dividend (Forward) | $1.36 /share |
| Frequency | Quarterly |
| Consecutive Growth Streak | 0 years |
| Growth CAGR 1Y / 3Y / 5Y / 10Y | -12.8% / -8.9% / -12.9% / -13.8% |
| Payout Ratio (EPS, TTM) | -191.8% |
| Payout Ratio (FCF, TTM) | 130.6% |
| Payout Ratio (EPS, forward dividend) | -185.0% |
| Payout Ratio (FCF, forward dividend) | 126.0% |

### Recent Payments

| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-07-02 | $0.3400 | 2026-07-15 |
| 2026-04-02 | $0.3400 | 2026-04-15 |
| 2026-01-05 | $0.3400 | 2026-01-29 |
| 2025-10-03 | $0.3400 | 2025-10-29 |
| 2025-07-03 | $0.3900 | 2025-07-29 |
| 2025-04-04 | $0.4500 | 2025-04-29 |
| 2025-01-03 | $0.4500 | 2025-01-29 |
| 2024-10-01 | $0.4500 | 2024-10-29 |
| 2024-07-05 | $0.4500 | 2024-07-29 |
| 2024-04-03 | $0.4500 | 2024-04-29 |
| 2024-01-11 | $0.4500 | 2024-01-29 |
| 2023-10-02 | $0.4500 | 2023-10-27 |

Full history: https://www.dividenddata.com/stocks/two/dividend

## Frequently Asked Questions

### What does Two Harbors Investment Corp. do?

Two Harbors Investment Corp. (TWO) operates in the REIT - Mortgage industry within the Real Estate sector. Full company description, peers, and segment breakdown are on the page above.

### What is TWO's market cap?

Two Harbors Investment Corp. (TWO) has a market capitalization of approximately $1.28 billion, as of August 24, 2026, based on the most recent share price and shares outstanding.

### Does TWO pay a dividend?

Yes, Two Harbors Investment Corp. (TWO) pays a dividend quarterly, with a trailing-twelve-month yield of 11.17%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

### How often does TWO pay dividends?

Two Harbors Investment Corp. pays dividends quarterly. The forward annual rate is $1.36 per share at the current declared cadence. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is TWO's payout ratio?

Two Harbors Investment Corp.'s payout ratio is the percentage of earnings (and free cash flow) returned to shareholders as dividends. Current EPS and FCF coverage are shown in the payout cards above, with green / amber / red coloring indicating sustainability.

### How are TWO's dividends taxed?

Two Harbors Investment Corp. (TWO) is a real estate investment trust (REIT). REIT distributions are typically a mix of ordinary income, capital gains, and return of capital, and are reported on Form 1099-DIV. Consult a tax advisor for your specific situation. This is not tax advice.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/stocks/two
- Dividend history & safety: https://www.dividenddata.com/stocks/two/dividend
- Earnings & EPS: https://www.dividenddata.com/stocks/two/earnings
- Financial statements: https://www.dividenddata.com/stocks/two/financials/income
- Valuation multiples: https://www.dividenddata.com/stocks/two/valuation
- Peer comparison: https://www.dividenddata.com/stocks/two/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.