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.
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