Two Harbors Investment Corp.
TWOReal Estate · Stock · quarterly payer
$12.36
Add to PortfolioForward Yield
11.41%
Annual Dividend
$1.41
Payout Ratio
76%
5-Yr Growth
-5.6%
Ex-Date
Apr 2, 2026
Frequency
Quarterly
TWO Dividend Safety Score
46/ 100
Grade D
Risky
Dividend-growth streak0 consecutive years of growth
Cut historyCut its dividend in 2025
Earnings payout coverage76% of earnings paid out
Balance-sheet strengthDebt/equity of 4.79
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is TWO a good dividend stock?
MixedTwo Harbors Investment Corp. (TWO) pays a quarterly dividend yielding 11.41% ($1.41/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 11.41%
- Payout Ratio
- 76%
- Annual Dividend
- $1.41
- 5-Yr Avg Growth
- -5.6%
- Ex-Dividend Date
- Apr 2, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.04
- Market Cap
- $1.3B
- P/E Ratio
- —
- 5-Yr Total Return
- -59%
- 52-Week Range
- $8.78 – $14.17
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 2, 2026 | — | $0.3400 | regular |
| Jan 5, 2026 | — | $0.3400 | regular |
| Oct 3, 2025 | — | $0.3400 | regular |
| Jul 3, 2025 | — | $0.3900 | regular |
| Apr 4, 2025 | — | $0.4500 | regular |
| Jan 3, 2025 | — | $0.4500 | regular |
| Oct 1, 2024 | — | $0.4500 | regular |
| Jul 5, 2024 | — | $0.4500 | regular |
| Apr 3, 2024 | — | $0.4500 | regular |
| Jan 11, 2024 | — | $0.4500 | regular |
| Oct 2, 2023 | — | $0.4500 | regular |
| Jul 3, 2023 | — | $0.4500 | regular |
| Apr 3, 2023 | — | $0.6000 | regular |
| Jan 4, 2023 | — | $0.6000 | regular |
Income Calculator
At $1.41 / yr per share
Per payment (quarterly)$35.25
Annual$141.00
Monthly avg$11.75
