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

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.

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.

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