MINNETONKA, Minn. (
) -- Shares of
Two Harbors Investment
continued to gain Tuesday after the real estate investment trust raised its quarterly dividend.
Two Harbors, which manages residential mortgage-backed securities, said Monday its board agreed to an 18.2% increase in its quarterly dividend, paying its investors 39 cents per share. This dividend will be payable Oct. 21 to common stockholders of record at the close of business on Sept. 30.
Two Harbor's shares jumped 3.4% on Monday, and rose another 0.9% in morning trading Tuesday.
Elsewhere in dividend-paying REIT stocks,
Alexandria Real Estate Equities
maintained its quarterly cash dividend of 35 cents per share of its common stock for the third quarter of 2010.
maintained its dividend of 51 cents per share,
maintained its quarterly payout of 33.75 cents per share, and
Associated Estates Realty
maintained its quarterly dividend of 17 cents per share.
NFJ Dividend, Interest & Premium Strategy Fund
, a closed-end management company that invests in dividend-paying common stocks and income-producing convertible securities, maintained its quarterly dividend of 15 cents per share.
Elsewhere in REITs, ratings agency
Moody's Investor Services
upgraded real-estate investment trust
Omega Healthcare Investors
, citing its increased size, improved tenant diversification and maintenance of a conservative capital structure.
-- Written by Miriam Marcus Reimer in New York.
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