Two Harbors Investment Corp. Declares Third Quarter Dividends
Two Harbors Investment Corp. Dividend Announcement
Two Harbors Investment Corp. (NYSE: TWO), a prominent real estate investment trust, recently announced its dividend rates for the third quarter of 2024. The company declared a dividend of $0.45 per share for its common stock, reflecting its commitment to providing value to stockholders. This dividend is scheduled to be paid on October 29, 2024, to stockholders recorded by the close of business on October 1, 2024. The determination of this rate considers various factors, including the sustainability of earnings, return potential, and the overall market environment.
Preferred Stock Dividends Declared
In addition to the common stock dividend, Two Harbors also announced dividends for its preferred shares. The company declared the following amounts:
Series A Cumulative Redeemable Preferred Stock
The dividend for the Series A shares is set at $0.50781 per share. This is a preferred stock with an 8.125% yield, which demonstrates the trust’s commitment to delivering consistent returns to its investors.
Series B Cumulative Redeemable Preferred Stock
The Series B shares will see a dividend of $0.47656 per share, representing a 7.625% yield, showing Two Harbors’ dedication to maintaining attractive return rates.
Series C Cumulative Redeemable Preferred Stock
The Series C stockholders will receive a dividend of $0.45313 per share, which is reflective of the 7.25% yield associated with these shares.
All preferred stock dividends are scheduled for payment on October 28, 2024, and will be distributed to stockholders recorded by the close of business on October 11, 2024.
Understanding Two Harbors Investment Corp.
Two Harbors Investment Corp. functions as a Maryland-based real estate investment trust focused on investing in mortgage servicing rights, residential mortgage-backed securities, and an array of other financial assets. The company operates from its headquarters located in St. Louis Park.
Further Information
Stockholders and interested parties can find additional details about Two Harbors Investment Corp. through various resources. Interested individuals are encouraged to visit the official company website or review filings on the Securities and Exchange Commission’s site. The corporate office is located at 1601 Utica Avenue South, Suite 900, St. Louis Park, MN 55416. For inquiries, the phone number is (612) 453-4100.
Frequently Asked Questions
What is the dividend amount declared by Two Harbors for common stock?
The declared dividend for the common stock is $0.45 per share for the third quarter of 2024.
When will the common stock dividends be paid?
Common stock dividends are payable on October 29, 2024, to stockholders of record on October 1, 2024.
What are the dividends for the preferred stocks?
Preferred stock dividends are $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C per share.
When will the preferred stock dividends be distributed?
The preferred stock dividends will be payable on October 28, 2024, for stockholders of record on October 11, 2024.
How can I find more information about Two Harbors Investment Corp.?
More information can be found on the official company website and through filings available at the SEC's site.
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