TWO Dividend History & Analysis | 14.3% Yield

TWO has a dividend yield of 14.3% and paid 1.52 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 14.33%
Payout Ratio 133.3%
Growth Rate CAGR 5y 24.43%
Consistency Lifetime 85.8%
Yield on Cost 5y 11.59%
Payout FCF -
Streak Years 17
Dividend Rating 85.05%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
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.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: -2%
Total Return 5y: -15.8%

Top Dividend Payers in Mortgage REITs

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
DX 2,796 M 15.6% 20.2%
MFA 990 M 15.1% 17.2%
AGNC 12,671 M 14.7% 17.2%
NLY 16,267 M 13.8% 15.7%
PMT 1,029 M 13.1% 15.7%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
MFA 990 M 39.1% 86.6%
NLY 16,267 M 33.6% 88.5%
IVR 617 M 40.9% 84.4%
ARR 1,959 M 24.5% 81.7%
ORC 1,430 M 16.6% 84.3%

Quality Dividend Peers in Mortgage REITs

NLY
Annaly Capital
 13.76% Yield

TWO Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
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% 2.33%
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
2013-12-24 2013-12-27 2013-12-31 Quarterly 0.213 0% N/A

TWO Dividend FAQ

Two Harbors Investment Corp. (NYSE:TWO) is a mortgage REIT that acquires, finances, and services mortgage-related assets through its RoundPoint platform. Its portfolio centers on agency residential mortgage-backed securities (RMBS) backed by fixed-rate, adjustable-rate, hybrid loans, and related derivatives, as well as non-agency and non-hedged financial assets. Because it qualifies as a REIT, it must distribute at least 90 % of taxable income to shareholders each year.

What is the Dividend Yield of TWO?

As of February 2026, TWO`s dividend yield is 14.33%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.52 USD by the current share price of 11.04.

Does TWO pay a dividend?

As of February 2026, TWO paid a dividend of 1.52 USD in the last 12 months. The last dividend was paid on 2026-01-05 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 2026-01-05.

TWO dividend forecast

Based on historical data, the forecasted dividends per share for TWO for the next 4 payments are between 0.342 (+0.6%) and 0.399 (+17.4%).
This indicates a solid dividend increase compared to the last payment.

Will TWO pay dividends in 2026?

The latest dividend paid per share was 0.34 USD with an Ex-Dividend Date of 2026-01-05. 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 24.4% per year.
Strong growth: TWO's Dividend growth is outpacing inflation.

What is the Yield on Cost of TWO?

TWO's 5-Year Yield on Cost is 11.6%. If you bought TWO's shares at 13.12 USD five years ago, your current annual dividend income (1.52 USD per share, trailing 12 months) equals 11.6% 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 14.33% 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 133.3%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of TWO?

TWO`s Overall Dividend Rating is 85.05%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

TWO Outstanding Shares Analysis

What is the Trend in TWO's Outstanding Shares?

Two Harbors Investments's outstanding shares have increased by approximately 3.4% 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
2008 3,117,100
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%

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: 2026-02-05 02:39