EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Reprint Email

TheStreet Wire

Two Harbors Investment Stock To Go Ex-dividend Tomorrow (TWO)

By TheStreet Wire 03/21/12 - 09:59 AM EDT

Find out if (TWO) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Two Harbors Investment (NYSE:TWO) is tomorrow, March 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $10.59 as of 9:35 a.m. ET, the dividend yield is 15.1%.

The average volume for Two Harbors Investment has been 2.4 million shares per day over the past 30 days. Two Harbors Investment has a market cap of $1.35 billion and is part of the financial sector and real estate industry. Shares are up 14.4% year to date as of the close of trading on Tuesday.

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS) and related investments. The company has a P/E ratio of 8.2, above the average real estate industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 17.7.

Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Two Harbors Investment as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Two Harbors Investment Ratings Report.

See our dividend calendar or top-yielding stocks list.

For more information on Two Harbors Investment Corp click any of the following:

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:

$2.5+ million portfolio
Large-cap and dividend focus
Intraday trade alerts from Cramer
Weekly roundups

Dividend Stock Advisor

TRY IT FREE

New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:

Diversified model portfolio of dividend stocks
Alerts when market news affect the portfolio
Bi-weekly updates with exact steps to take - BUY, HOLD, SELL

Stocks Under $10

TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:

Model portfolio
Stocks trading below $10
Intraday trade alerts
Weekly roundups

Real Money

TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:

Jim Cramer + 20 Wall Street pros
Intraday commentary & news
Real-time trading forum
Actionable trade ideas

Real Money Pro

TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:

Real Money + Doug Kass + 15 more Wall Street Pros
Intraday commentary & news
Ultra-actionable trading ideas

Options Profits

TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.