Two Harbors Investment Stock To Go Ex-dividend Tomorrow (TWO)
The ex-dividend date for Two Harbors Investment (NYSE:TWO) is tomorrow, September 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $11.83 as of 9:30 a.m., the dividend yield is 12.2%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Two Harbors Investment (NYSE: TWO) is tomorrow, September 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $11.83 as of 9:30 a.m. ET, the dividend yield is 12.2%. The average volume for Two Harbors Investment has been 5.4 million shares per day over the past 30 days. Two Harbors Investment has a market cap of $3.31 billion and is part of the financial sector and real estate industry. Shares are up 27.9% 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), residential mortgage loans, residential real properties, and other financial assets. The company has a P/E ratio of nine, below the average real estate industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7.
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