Trailing Dividend / Share
$1.64
Two Harbors Investment Corp. (TWO) Dividend History
Income profile from 2009 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
13.4%
Payout Ratio
N/A
Unknown
Dividend Streak
0 years
TWO Dividend Income Check
Safety
Payout ratio data not available yet.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 6.6% and trend is falling.
TWO Dividend Scorecard
Yield & Income
Dividend Yield13.4%
Trailing DPS$1.64
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings PayoutN/A
Earnings SafetyUnknown
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score3/9
Growth
Growth Streak0 years
3Y CAGR-7.2%
5Y CAGR-4.0%
Yield on Cost (5Y)6.6%
YOC Trendfalling
Total Returns
Buyback Yield0.1%
Total Shareholder Yield13.5%
1Y Total Return18.1%
5Y Total Return-17.9%
Div Contribution (5Y)37.5%
Estimated $10K growth (return + dividends):
5Y ago$8,21410Y ago$9,41820Y ago$18,890
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
TWO Income Growth Story
Dividend per share and yield on cost over time (18 years of payments)
TWO Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Two Harbors Investment Corp. has limited earnings payout data (Unknown).
Piotroski F-Score: 3/9 — weak financial health.
Growth Track Record
TWO does not have a current streak of consecutive dividend increases, with a 3-year CAGR of -7.2% and 5-year CAGR of -4.0%.
Total Shareholder Returns
Beyond cash dividends, TWO returns capital through share repurchases. The combined picture: 13.4% dividend yield, 0.1% buyback yield, 13.5% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 6.6% and is currently falling. The 5-year total return is -17.9%, with dividends contributing 37.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $9,418 today.
TWO Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$10.29
Avg/Payment$0.5145
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Apr 2, 2026Latest | $0.3400 | — | 12.68% | Apr 15, 2026 |
| Jan 5, 2026 | $0.3400 | — | 14.63% | Jan 29, 2026 |
| Oct 3, 2025 | $0.3400 | ↓ -12.8% | 16.62% | Oct 29, 2025 |
| Jul 3, 2025 | $0.3900 | ↓ -13.3% | 16.48% | Jul 29, 2025 |
| Apr 4, 2025 | $0.4500 | — | 15.60% | Apr 29, 2025 |
| Jan 3, 2025 | $0.4500 | — | 15.45% | Jan 29, 2025 |
| Oct 1, 2024 | $0.4500 | — | 13.80% | Oct 29, 2024 |
| Jul 5, 2024 | $0.4500 | — | 14.29% | Jul 29, 2024 |
TWO Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
13.4%
#7 of 8
Safety
Unknown
— payout
Streak
0Y
-4.0% 5Y CAGR
Total Shareholder
13.5%
#7 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| TWOTwo Harbors Investme… | $1.3B | 13.4% | — | 0 | Unknown |
 AGNCAGNC Investment Corp… | $9.7B | 14.6% | 1.4% | 0 | Sustainable |
 NLYAnnaly Capital Manag… | $16.2B | 13.0% | 92.8% | 1 | At Risk |
3rd  MFAMFA Financial, Inc. | $997M | 18.3% | 1.1% | 1 | Sustainable |
1st  IVRInvesco Mortgage Cap… | $576M | 20.1% | 1.1% | 0 | Sustainable |
 ARRARMOUR Residential R… | $2.2B | 17.3% | 87.8% | 1 | At Risk |
2nd  ORCOrchid Island Capita… | $1.1B | 20.0% | 1.1% | 0 | Sustainable |
 PMTPennyMac Mortgage In… | $960M | 14.5% | 1.1% | 0 | Sustainable |
TWO Annual Dividend History (2007–2026)
20 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.68 | — | 2 | — | — | — | 2.8% |
| 2025 | $1.63 | -9.4% | 4 | $-4.36 | — | — | 6.6% |
| 2024 | $1.80 | -14.3% | 4 | $2.37 | 75.9% | 1.32x | 7.3% |
| 2023 | $2.10 | 2.9% | 4 | $-1.60 | — | — | 8.5% |
| 2022 | $2.04 | -25.0% | 3 | $2.13 | 95.8% | 1.04x | 8.3% |
| 2021 | $2.72 | 36.0% | 4 | $1.72 | 158.1% | 0.63x | 11.0% |
| 2020 | $2.00 | -70.1% | 4 | $-23.83 | — | — | 8.1% |
| 2019 | $6.68 | -11.2% | 4 | $3.72 | 179.6% | 0.56x | 27.0% |
| 2018 | $7.52 | 8.6% | 5 | $-0.86 | — | — | 30.4% |
| 2017 | $6.93 | 13.6% | 4 | $7.24 | 95.6% | 1.05x | 28.0% |
See TWO's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonTWO — Frequently Asked Questions
Quick answers to the most common questions about buying TWO stock.
How much dividend does TWO pay per share?
Two Harbors Investment Corp. (TWO) pays a trailing 12-month dividend of $1.64 per share, with a current dividend yield of +13.4%. Payments are made Semi-Annual.
When is TWO's next ex-dividend date?
TWO's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TWO typically pays dividends Semi-Annual.
Is TWO's dividend safe?
TWO's dividend safety is rated "Unknown" based on an earnings payout ratio of N/A and FCF payout ratio of N/A. The dividend history does not yet show a prolonged growth streak.
How many years has TWO increased its dividend?
TWO has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is -4.0%.
How often does TWO pay dividends?
Two Harbors Investment Corp. pays dividends Semi-Annual. The trailing 12-month total is $1.64 per share. Dividend data on this page covers 17+ years from 2009 to 2026.
How much would $10,000 invested in TWO grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TWO five years ago would be worth approximately $8,214 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TWO's yield on cost for long-term holders?
TWO's yield on cost — the current dividend divided by the original purchase price — is +6.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +13.4% market yield, thanks to the lower original cost basis.