TWO Dividend History & Analysis | 13.5% Yield

TWO has a dividend yield of 13.5% and paid 1.41 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 13.49%
Payout Ratio 1.8%
Growth Rate CAGR 5y -12%
Consistency Lifetime 85.8%
Yield on Cost 5y 9.6%
Payout FCF -
Streak Years -
Dividend Rating 20.9%
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
DX 2,797 M 17.06% 19.35%
MFA 965 M 15.36% 15.89%
AGNC 11,720 M 14.25% 16.39%
NLY 15,850 M 13.62% 14.48%
PMT 916 M 13.22% 14.79%
Top 3 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
DX 2,797 M 6.14% 66.2%
LADR 1,293 M 3.56% 88.9%
TRTX 637 M 0.26% 93.4%
TWO Dividend History: Last 50 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-04-02 2026-04-02 2026-04-15 Quarterly 0.34 0% 3.11%
2026-01-05 2026-01-05 2026-01-29 Quarterly 0.34 0% 3.35%
2025-10-03 2025-10-03 2025-10-29 Quarterly 0.34 -12.8% 3.49%
2025-07-03 2025-07-03 2025-07-29 Quarterly 0.39 -13.3% 3.69%
2025-04-04 2025-04-04 2025-04-29 Quarterly 0.45 0% 3.73%
2025-01-03 2025-01-03 2025-01-29 Quarterly 0.45 0% 3.9%
2024-10-01 2024-10-01 2024-10-29 Quarterly 0.45 0% 3.36%
2024-07-05 2024-07-05 2024-07-29 Quarterly 0.45 0% 3.54%
2024-04-03 2024-04-04 2024-04-29 Quarterly 0.45 0% 3.62%
2024-01-11 2024-01-12 2024-01-29 Quarterly 0.45 0% 3.35%
2023-10-02 2023-10-03 2023-10-27 Quarterly 0.45 0% 3.55%
2023-07-03 2023-07-05 2023-07-28 Quarterly 0.45 -25% 3.37%
2023-04-03 2023-04-04 2023-04-28 Quarterly 0.6 0% 4.28%
2023-01-04 2023-01-05 2023-01-27 Quarterly 0.6 +252.9% 3.76%
2022-09-30 2022-10-03 2022-10-28 Quarterly 0.17 0% 5.09%
2022-07-01 2022-07-05 2022-07-29 Quarterly 0.17 0% 3.57%
2022-04-01 2022-04-04 2022-04-29 Quarterly 0.17 0% 3.17%
2021-12-28 2021-12-29 2022-01-28 Quarterly 0.17 0% 2.88%
2021-09-30 2021-10-01 2021-10-29 Quarterly 0.17 0% 2.62%
2021-06-28 2021-06-29 2021-07-29 Quarterly 0.17 0% 2.2%
2021-03-26 2021-03-29 2021-04-29 Quarterly 0.17 0% N/A
2020-12-29 2020-12-30 2021-01-29 Quarterly 0.17 +21.4% N/A
2020-09-30 2020-10-01 2020-10-29 Quarterly 0.14 0% N/A
2020-06-29 2020-06-30 2020-07-29 Quarterly 0.14 +180% N/A
2020-04-15 2020-04-16 2020-04-29 Quarterly 0.05 -87.5% N/A
2019-12-30 2019-12-31 2020-01-24 Quarterly 0.4 0% N/A
2019-09-27 2019-09-30 2019-10-28 Quarterly 0.4 0% N/A
2019-06-28 2019-07-01 2019-07-29 Quarterly 0.4 -14.9% N/A
2019-03-28 2019-03-29 2019-04-29 Quarterly 0.47 0% N/A
2018-12-28 2018-12-31 2019-01-28 Quarterly 0.47 +50.8% N/A
2018-09-28 2018-10-01 2018-10-29 Other 0.3116 +96.8% N/A
2018-07-24 2018-07-25 2018-07-30 Other 0.1584 -66.3% N/A
2018-06-28 2018-06-29 2018-07-27 Quarterly 0.47 0% N/A
2018-03-29 2018-04-02 2018-04-27 Quarterly 0.47 0% N/A
2017-12-22 2017-12-26 2017-12-29 Quarterly 0.47 +120.7% N/A
2017-09-28 2017-09-29 2017-10-27 Quarterly 0.213 0% N/A
2017-06-28 2017-06-30 2017-07-27 Quarterly 0.213 +4% N/A
2017-03-29 2017-03-31 2017-04-27 Quarterly 0.2048 +4.2% N/A
2016-12-28 2016-12-30 2017-01-27 Quarterly 0.1966 +4.3% N/A
2016-09-28 2016-09-30 2016-10-20 Quarterly 0.1884 0% N/A
2016-06-28 2016-06-30 2016-07-20 Quarterly 0.1884 0% N/A
2016-03-29 2016-03-31 2016-04-21 Quarterly 0.1884 -11.5% N/A
2015-12-28 2015-12-30 2016-01-20 Quarterly 0.213 0% N/A
2015-09-28 2015-09-30 2015-10-22 Quarterly 0.213 0% N/A
2015-06-26 2015-06-30 2015-07-21 Quarterly 0.213 0% N/A
2015-03-27 2015-03-31 2015-04-21 Quarterly 0.213 0% N/A
2014-12-26 2014-12-30 2015-01-20 Quarterly 0.213 0% N/A
2014-09-26 2014-09-30 2014-10-21 Quarterly 0.213 0% N/A
2014-06-30 2014-07-02 2014-07-22 Quarterly 0.213 0% N/A
2014-03-27 2014-03-31 2014-04-21 Quarterly 0.213 0% N/A

TWO Dividend FAQ

What is the Dividend Yield of TWO?

As of May 2026, TWO's dividend yield is 13.49%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.41 USD by the current share price of 12.49.

Does TWO pay a dividend?

As of May 2026, TWO paid a dividend of 1.41 USD in the last 12 months. The last dividend was paid on 2026-04-02 and the payout was 0.34 USD.

How often does TWO pay dividends?

TWO pays dividends quarterly. Over the last 12 months, TWO has issued 4 dividend payments. The last dividend payment was made on 2026-04-02.

TWO dividend forecast

Based on historical data, the forecasted dividend per share for TWO for the next payment is 0.075 (-77.9%). This represents a significant dividend cut compared to the last payment. The expected Yield for the next 12 months is about 0.60%.

Will TWO pay dividends in 2026?

The latest dividend paid per share was 0.34 USD with an Ex-Dividend Date of 2026-04-02. The next Ex-Dividend date for Two Harbors Investments (TWO) is currently unknown.

What is the next Ex-Dividend Date for TWO?

The next Ex-Dividend date for Two Harbors Investments (TWO) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of TWO?

TWO's average dividend growth rate over the past 5 years is -12.0% per year. Negative growth: TWO's dividend growth is negative and declining.

What is the Yield on Cost of TWO?

TWO's 5-Year Yield on Cost is 9.58%. If you bought TWO's shares at 14.72 USD five years ago, your current annual dividend income (1.41 USD per share, trailing 12 months) equals 9.58% of your original purchase price.

What is the Payout Consistency of TWO?

TWO Payout Consistency is 85.8%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Moderately consistent: Two Harbors Investments has a good track record of consistent dividend payments over its lifetime.

Does TWO have a good Dividend Yield?

TWO's 13.49% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.

What is the Dividend Payout Ratio of TWO?

The Dividend Payout Ratio of TWO is 1.8%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of TWO?

TWO's Overall Dividend Rating is 20.89%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

TWO Outstanding Shares Analysis
The Chart shows the outstanding shares over time per year.
What is the Trend in TWO's Outstanding Shares?

Two Harbors Investments's outstanding shares have increased by approximately 4.74% annually over the past 3 years (Trend Reliability: 33.3%). Watch carefully: The company is issuing new shares, diluting existing shareholders. Dividend growth may lag earnings growth as payouts are spread across more shares.

Has TWO ever had a Stock Split?

Yes, the last stock split was on Nov 2, 2022 with a ratio of 1:4. This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
2007 3,117,100 0%
2008 3,117,100 0%
2009 3,350,300 +7.48%
2010 5,701,500 +70.18%
2011 23,356,900 +309.66%
2012 37,029,000 +58.54%
2013 45,587,600 +23.11%
2014 45,778,800 +0.42%
2015 45,011,000 -1.68%
2016 43,455,000 -3.46%
2017 47,235,000 +8.7%
2018 62,020,300 +31.3%
2019 72,768,000 +17.33%
2020 72,968,000 +0.27%
2021 83,775,200 +14.81%
2022 86,391,400 +3.12%
2023 97,489,000 +12.85%
2024 111,791,000 +14.67%
2025 104,239,400 -6.76%
2026 108,205,600 +3.8%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-05-22 02:51 UTC