Two Harbors has declared a dividend of $0.45 per share of common stock, representing a reduction from the dividend paid in the previous quarter
Dividends
Table of Contents
Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, has recently declared a dividend reduction for the second quarter of 2023. The decision to lower the dividend was made with the aim of enhancing book value and strategically investing capital into a positive Agency MSR and MBS environment.
For the second quarter of 2023, Two Harbors has declared a dividend of $0.45 per share of common stock, which will be payable to common stockholders on July 28, 2023. The record date for common stockholders is set for July 5, 2023. In addition to the common stock dividend, the company has also announced preferred stock dividends for its Series A, Series B, and Series C Cumulative Redeemable Preferred Stock.
According to Bill Greenberg, Two Harbors' President and Chief Executive Officer, the decision to reduce the dividend is not a result of decreased earnings. Instead, it is a strategic focus on enhancing book value and allocating capital into a positive Agency MSR and MBS environment. By reducing the dividend, Two Harbors aims to create opportunities for investing additional capital at attractive spreads, further growing its MSR business.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.
AI scans for events proven to impact stock prices, so you don't have to.
LEARN MORE