Two Harbors Investment Corp. (NYSE:TWO) Announces Quarterly Dividend of $0.45

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Friday, January 3rd will be given a dividend of 0.45 per share by the real estate investment trust on Wednesday, January 29th. This represents a $1.80 annualized dividend and a dividend yield of 15.65%. The ex-dividend date is Friday, January 3rd.

Two Harbors Investment has raised its dividend payment by an average of 1,259.4% annually over the last three years. Two Harbors Investment has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Two Harbors Investment to earn $0.85 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 211.8%.

Two Harbors Investment Price Performance

Shares of TWO stock traded down $0.01 during trading hours on Thursday, hitting $11.50. 1,314,488 shares of the company's stock were exchanged, compared to its average volume of 1,102,886. Two Harbors Investment has a 12-month low of $11.28 and a 12-month high of $14.54. The company has a market capitalization of $1.19 billion, a PE ratio of -2.39 and a beta of 1.85. The business's 50 day simple moving average is $12.01 and its 200-day simple moving average is $12.95. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80.

Two Harbors Investment (NYSE:TWO - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The business had revenue of $112.64 million for the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period last year, the firm posted ($0.01) EPS. On average, equities research analysts anticipate that Two Harbors Investment will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

TWO has been the topic of a number of analyst reports. JMP Securities decreased their price target on Two Harbors Investment from $15.00 to $14.50 and set a "market outperform" rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada decreased their target price on shares of Two Harbors Investment from $14.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on shares of Two Harbors Investment from $13.50 to $11.50 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Two Harbors Investment to a "sell" rating in a research report on Thursday, December 12th. Finally, Compass Point dropped their target price on shares of Two Harbors Investment from $15.75 to $14.75 and set a "buy" rating for the company in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.71.

About Two Harbors Investment

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.