Does TWO pay a dividend?

Yes. Two Harbors Investment Corp. pays a quarterly dividend, currently yielding 11.17% based on trailing twelve-month payments of $1.36 per share.

How much does TWO pay in dividends?

$1.36 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.

When is the next TWO ex-dividend date?

No upcoming ex-dividend date is currently on record for TWO. Dates appear here once the company declares them.

TWO Dividend

Two Harbors Investment Corp.

NYSEReal EstateStockData as of August 12, 2026

Dividend yield: 11.17%
Annual dividend: $1.36
Payout ratio: -9.28
Frequency: Quarterly
Share price: $12.18
Market cap: $1.3B

Is TWO a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

Yield is far above the marketAt 11.17%, the yield is more than three times the median of 2.97% across US dividend payers. A yield rises when a share price falls, so an unusually high figure often reflects what the market expects rather than what management has promised.
Earnings are negativeA payout ratio of -9.28 means the company is paying a dividend while reporting a loss. That can be funded from cash or borrowing for a time, but not from profits.
Dividend has been cut 7 timesAcross 17 complete years, the annual total fell in 2020, 2022, 2024 and earlier. The most recent reduction was in 2024.

TWO dividend history

Annual dividend per share, 2009 to 2025.

Peak $9.76 in 2011Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for TWO, most recent first.
Ex-dividend date	Pay date	Amount	Type
July 2, 2026	July 15, 2026	$0.3400	Quarterly
April 2, 2026	April 15, 2026	$0.3400	Quarterly
January 5, 2026	January 29, 2026	$0.3400	Quarterly
October 3, 2025	October 29, 2025	$0.3400	Quarterly
July 3, 2025	July 29, 2025	$0.3900	Quarterly
April 4, 2025	April 29, 2025	$0.4500	Quarterly
January 3, 2025	January 29, 2025	$0.4500	Quarterly
October 1, 2024	October 29, 2024	$0.4500	Irregular
July 5, 2024	July 29, 2024	$0.4500	Quarterly
April 3, 2024	April 29, 2024	$0.4500	Quarterly
January 11, 2024	January 29, 2024	$0.4500	Quarterly
October 2, 2023	October 27, 2023	$0.4500	Quarterly
July 3, 2023	July 28, 2023	$0.4500	Quarterly
April 3, 2023	April 28, 2023	$0.6000	Quarterly
January 4, 2023	January 27, 2023	$0.6000	Quarterly
September 30, 2022	October 28, 2022	$0.1700	Quarterly
July 1, 2022	July 29, 2022	$0.1700	Quarterly
April 1, 2022	April 29, 2022	$0.1700	Quarterly
December 28, 2021	January 28, 2022	$0.1700	Quarterly
September 30, 2021	October 29, 2021	$0.1700	Quarterly
June 28, 2021	July 29, 2021	$0.1700	Quarterly
March 26, 2021	April 29, 2021	$0.1700	Quarterly
December 29, 2020	January 29, 2021	$0.1700	Quarterly
September 30, 2020	October 29, 2020	$0.1400	Quarterly
June 29, 2020	July 29, 2020	$0.1400	Quarterly
April 15, 2020	April 29, 2020	$0.0500	Quarterly
December 30, 2019	January 24, 2020	$0.4000	Quarterly
September 27, 2019	October 28, 2019	$0.4000	Quarterly
June 28, 2019	July 29, 2019	$0.4000	Quarterly
March 28, 2019	April 29, 2019	$0.4700	Quarterly
December 28, 2018	January 28, 2019	$0.4700	Semi-Annual
September 28, 2018	October 29, 2018	$0.3116	Quarterly
July 24, 2018	July 30, 2018	$0.1584	Monthly
June 28, 2018	July 27, 2018	$0.4700	Quarterly
March 29, 2018	April 27, 2018	$0.4700	Quarterly
December 22, 2017	December 29, 2017	$0.4700	Quarterly
September 28, 2017	October 27, 2017	$0.2600	Quarterly
June 28, 2017	July 27, 2017	$0.2600	Quarterly
March 29, 2017	April 27, 2017	$0.2500	Quarterly
December 28, 2016	January 27, 2017	$0.2400	Quarterly

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Frequently asked questions

Does TWO pay a dividend?: Yes. Two Harbors Investment Corp. pays a quarterly dividend, currently yielding 11.17% based on trailing twelve-month payments of $1.36 per share.
How much does TWO pay in dividends?: $1.36 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next TWO ex-dividend date?: No upcoming ex-dividend date is currently on record for TWO. Dates appear here once the company declares them.