TWO Dividend History & Analysis | 12.8% Yield
TWO has a dividend yield of 12.8% and paid 1.36 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.
Top Dividend Payers in Mortgage REITs
| SYMBOL | MARKET CAP USD | YIELD TTM | YIELD ON COST 5y |
|---|---|---|---|
| DX NYSE Dynex Capital |
3,234 M | 15.52% | 22.18% |
| AGNC NASDAQ AGNC Investment |
12,910 M | 13.73% | 17.57% |
| NLY NYSE Annaly Capital Management |
17,456 M | 13.33% | 16.12% |
| EFC NYSE Ellington Financial |
1,800 M | 11.86% | 15.63% |
| TRTX NYSE TPG RE Finance Trust |
606 M | 11.46% | 13.63% |
| ADAM NASDAQ New York Mortgage Trust |
893 M | 12.84% | 10.38% |
| STWD NYSE Starwood Property Trust |
6,289 M | 10.85% | 12.11% |
| LADR NYSE Ladder Capital |
1,259 M | 8.82% | 12.36% |
| SYMBOL | MARKET CAP USD | GROWTH RATE | CONSISTENCY |
|---|---|---|---|
| DX NYSE Dynex Capital |
3,234 M | 8.35% | 98.0% |
| LADR NYSE Ladder Capital |
1,259 M | 1.77% | 98.3% |
TWO Dividend History
Dividend Monthly Return EX date, 4.9 years of data
Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.
| EX-DATE | RECORD | PAYMENT | PERIOD | DIV/SHARE | GROWTH | PAYOUT YIELD |
|---|---|---|---|---|---|---|
| 2026-07-02 | 2026-07-02 | 2026-07-15 | Quarterly | 0.34 | 0% | 2.82% |
| 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% | 3.56% |
| 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% |
TWO Dividend FAQ
As of August 2026, TWO's dividend yield is 12.76%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.36 USD by the current share price of 12.18.
As of August 2026, TWO paid a dividend of 1.36 USD in the last 12 months. The last dividend was paid on 2026-07-02 and the payout was 0.34 USD.
TWO pays dividends quarterly. Over the last 12 months, TWO has issued 4 dividend payments. The last dividend payment was made on 2026-07-02.
Based on historical data, the forecasted dividends per share for TWO for the next payments are between 0.243 (-28.5%) and 0.283 (-16.8%). This represents a significant dividend cut compared to the last payment. The expected Yield for the next 12 months is about 8.84%.
The latest dividend paid per share was 0.34 USD with an Ex-Dividend Date of 2026-07-02. The next Ex-Dividend date for Two Harbors Investments (TWO) is currently unknown.
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.
TWO's average dividend growth rate over the past 5 years is -15.8% per year. Negative growth: TWO's dividend growth is negative and declining.
TWO's 5-Year Yield on Cost is 10.3%. If you bought TWO's shares at 13.18 USD five years ago, your current annual dividend income (1.36 USD per share, trailing 12 months) equals 10.3% of your original purchase price.
TWO Payout Consistency is 94.6%. 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. Very consistent: Two Harbors Investments has a strong track record of consistent dividend payments over its lifetime.
TWO's 12.76% Dividend Yield is considered as extremely high. Investors should watch out for NAV decline.
The Dividend Payout Ratio of TWO is 143.2%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.
TWO's Overall Dividend Rating is 19.27%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.
TWO Outstanding Shares Analysis
Key Metric Definitions
Annual dividend per share divided by current share price.
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Compound annual growth rate of dividends over the last 5 years.
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Proprietary score (0-100) combining yield, growth, safety and consistency.
Last update: 2026-08-26 02:38 UTC