Two Harbors Investment Corp.
TWO-PCReal Estate · REIT - Mortgage · Stock · quarterly payer
Forward Yield
9.14%
Annual Dividend
$2.32
Payout Ratio
—
5-Yr Growth
4.6%
Ex-Date
Jul 10, 2026
Frequency
Quarterly
Key facts about TWO-PC's dividend
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, Two Harbors Investment Corp. (TWO-PC) has a forward dividend yield of 9.14%, based on an annual dividend of $2.32 per share and a share price of $25.39.
- As of Oct 8, 2026, TWO-PC's dividend safety grade from SmarterDividends is D (45 out of 100), which rates the dividend as unsafe.
- TWO-PC has never cut its regular dividend in the payment history SmarterDividends has on record.
- TWO-PC's most recent ex-dividend date was Jul 10, 2026, for a dividend of $0.57 per share.
- TWO-PC's dividend has grown at an average rate of 4.6% a year over the past five years.
- As of Oct 8, 2026, SmarterDividends' blended fair-value estimate for TWO-PC is $29.33 per share, 16% above the $25.39 share price, so TWO-PC screens as undervalued.
- Two Harbors Investment Corp. (TWO-PC) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "TWO-PC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 8, 2026, https://smarterdividends.com/stocks/TWO-PC
Summary
As of Oct 8, 2026, Two Harbors Investment Corp. (TWO-PC) yields 9.14% ($2.32 a year per share) and has a dividend safety grade of D (45/100).
Is TWO-PC a good dividend stock?
MixedTwo Harbors Investment Corp. (TWO-PC) pays a quarterly dividend yielding 9.14% ($2.32/yr), with 1 year 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
- Never cut its dividend on record
Risks
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 9.14%
- Payout Ratio
- —
- Annual Dividend
- $2.32
- 5-Yr Avg Growth
- 4.6%
- Ex-Dividend Date
- Jul 10, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.06
- Market Cap
- —
- P/E Ratio
- 7.0
- 5-Yr Total Return
- 1%
- 52-Week Range
- $23.25 – $25.52
- Dividend Safety
- D · 45/100
- Ever Cut?
- No
Frequently Asked Questions
Is TWO-PC a good dividend stock?
Mixed. Two Harbors Investment Corp. (TWO-PC) pays a quarterly dividend yielding 9.14% ($2.32/yr), with 1 year 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.
Is TWO-PC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TWO-PC's fair value is about $29.33 versus a $25.39 share price — so it looks undervalued (+16% vs. fair value).
Is TWO-PC's dividend safe?
TWO-PC has a dividend-safety grade of D (45/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is TWO-PC's fair value?
Our blended fair-value estimate for TWO-PC is about $29.33 per share, roughly 16% above the current $25.39 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is TWO-PC a buy, hold, or sell?
We don't issue formal ratings, but on the data TWO-PC screens as "mixed" and undervalued. Two Harbors Investment Corp. (TWO-PC) pays a quarterly dividend yielding 9.14% ($2.32/yr), with 1 year 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. This is research for your own analysis, not investment advice.
Will TWO-PC cut its dividend?
TWO-PC earns a dividend-safety grade of D (45/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does TWO-PC pay a dividend?
Yes. Two Harbors Investment Corp. pays a quarterly dividend of about $2.32 per share annually, a forward yield of roughly 9.14%.
What is TWO-PC's dividend yield?
As of Oct 8, 2026, TWO-PC's forward dividend yield is 9.14%, based on a $2.32 annual dividend and a $25.39 share price.
What is TWO-PC's dividend per share?
As of Oct 8, 2026, TWO-PC pays $2.32 per share per year, distributed on a quarterly basis.
How many years has TWO-PC grown its dividend?
As of Oct 8, 2026, TWO-PC has increased its dividend for 1 consecutive years.
When is the next TWO-PC ex-dividend date?
As of Oct 8, 2026, TWO-PC's next ex-dividend date hasn't been announced. The most recent was Jul 10, 2026, for $0.57 per share.
TWO-PC Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+30%
5 Years
+1%
52-Week Range
$23.25 – $25.52
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TWO-PC worth?
Undervaluedlow confidenceOur blended fair-value estimate for Two Harbors Investment Corp. is $29.33 per share, versus a market price of $25.39. That implies 16% of upside — a margin of safety of about 13%.
Fair Value
$29.33
Current Price
$25.39
Upside
+16%
Margin of Safety
13%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.5% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $3.65 EPS, $2.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TWO-PC Dividend Safety Score
Risky
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
Dividend History
Full TWO-PC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | Jul 27, 2026 | $0.5651 | regular |
| Apr 10, 2026 | Apr 27, 2026 | $0.5590 | regular |
| Jan 12, 2026 | Jan 27, 2026 | $0.5834 | regular |
| Oct 10, 2025 | Oct 27, 2025 | $0.6125 | regular |
| Jul 11, 2025 | Jul 28, 2025 | $0.6037 | regular |
| Apr 11, 2025 | Apr 28, 2025 | $0.5983 | regular |
| Jan 10, 2025 | Jan 27, 2025 | $0.4531 | regular |
| Oct 11, 2024 | Oct 28, 2024 | $0.4531 | regular |
| Jul 12, 2024 | Jul 29, 2024 | $0.4531 | regular |
| Apr 11, 2024 | Apr 29, 2024 | $0.4531 | regular |
| Jan 11, 2024 | Jan 26, 2024 | $0.4531 | regular |
| Oct 11, 2023 | Oct 27, 2023 | $0.4531 | regular |
| Jul 11, 2023 | Jul 27, 2023 | $0.4531 | regular |
| Apr 11, 2023 | Apr 27, 2023 | $0.4531 | regular |
Income Calculator
At $2.32 / yr per share
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