Two Harbors Investment Corp. · TWO · NYSE
Dividend report · updated Aug 24, 2026
$12.18 +1.08% on the day, +$0.13
TWO stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is TWO’s dividend Very Safe or High Risk? 7 checks scored. Payout ratio, raise streak, recession record and 4 more. Show the rating
Yearly payout / yield
$1.36·11.17%
$0.34 quarterly x 4 ⓘ
Next payment
~$0.34/qtr
not declared yet ⓘ
Next ex-date
—
was due ~Oct 1 ⓘ
Years without a cut
0 yrs
cut this year (-12.8%) ⓘ
Paying since
2009
68 payments on file
Yield vs history ⓘ
Reset
by the 2026 cut
TWO share price & total return
Daily closing price, adjusted for stock splits.
TWO stock page »All dividend lists »Build a portfolio around TWO »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
TWO Dividend Growth (CAGR)
1Y -12.8%3Y -8.9%5Y -12.9%10Y -13.8%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 68 payments since 2009.
Annual dividends and growth
Total paid per share in each calendar year; 2026 YTD is paid so far, the amounts vary too much to estimate the rest. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: -12.82% a year, its typical yearly change over the last 5 years. Today's $1.36 a year would be $0.82 by 2031 - 6.73% on today's $12.18 price.

How Many TWO Shares for $500 or $1,000 a Month?

At $1.36 a share a year, $500 a month takes about 4,412 TWO shares, about $53,738 at the Aug 24, 2026 close of $12.18. $1,000 a month takes about 8,824 shares, about $107,476. Before taxes, and only while the rate holds.

Two Harbors Investment (TWO) pays $0.34 a share quarterly, $1.36 a year, an 11.17% run-rate yield at the Aug 24, 2026 close of $12.18. It has made 68 dividend payments since 2009.

At today’s rate of $0.34 quarterly and the last close of $12.18, this is what TWO pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.34$0.11$1.36
100 shares$34.00$11.33$136.00
$10,000 invested (821.0 shares)$279.15$93.05$1,116.58
4,412 shares ($500/mo)$1,500.08$500.03$6,000.32
8,824 shares ($1,000/mo)$3,000.16$1,000.05$12,000.64

With DRIP on, every payment buys more shares instead of landing as cash. 100 TWO shares reinvest into 2.79 new shares each payment, about 11.6 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 36 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with TWO’s own history in the TWO DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See TWO’s rating and its 7 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (cash flow): does cash from the business cover the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

TWO Dividend Yield Today vs Its 5-Year Range

Reset by the 2026 cut
  • TWO yields 11.17% today, at the Aug 24, 2026 close of $12.18.
  • A cut in 2026 skews its yield history. So there is no usual level to compare today’s yield with yet.
Last 5 years: lowest to highest month-end yield
10.96% low20.48% high
Blue mark = today. A higher yield means a lower price against the payout.

How it works. Each month-end over the last 10 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is TWO’s Next Dividend? Ex-Date and Pay Date After July 2026

TWO has not declared its next dividend yet. By its usual gap of about 91 days the next ex-date was due around Oct 1, 2026, and it is not on file yet: it may be late, or still to be announced. The latest one, $0.34 a share, went ex on Jul 2, 2026 and paid Jul 6, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 3 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does TWO Pay?

TWO pays quarterly, 4 times a year. Recent payments arrived in Jan, Apr, Jul and Oct, with ex-dates in Jan, Apr, Jul and Oct. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.

Paid in the last 12 months
$1.02 a share, in 3 payments.
-37.4% against the 12 months before ($1.63 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Jan, Apr, Jul and Oct. Ex-dates fall in Jan, Apr, Jul and Oct (latest 4 payments).
Raise history
  • Streak: 0 years of higher annual totals (through 2025)
  • Last change: cut Jul 3, 2025 - $0.45 to $0.39 (-13.33%)
  • Last raise: Dec 29, 2020 - $0.56 to $0.68 (+$0.12, +21.43%)
  • Usual $ step: $0.121 (median of the raises before it)
Coverage
  • FFO payout (approx.): n/a (FFO negative) - $1.36 paid / $-0.15 FFO per share (net income + depreciation & amortization, 4 quarters to Jun 30, 2026)
  • Cash-flow payout: 118.9% - $1.36 paid / $1.14 operating cash flow per share (4 quarters to Jun 30, 2026); own 4-yr norm 55.1% (median of 12 earlier trailing years)
  • GAAP EPS payout (context): n/a (EPS negative) - $1.36 paid / -$0.74 EPS (4 quarters to Jun 30, 2026); own 4-yr norm 300.0% (median of 12 earlier trailing years)
REITs pay from funds from operations; GAAP EPS understates coverage.

TWO vs Similar Dividend Stocks (ALX, AAT...)

Against the 10 dividend-paying Real Estate companies closest to TWO in market value, TWO’s 11.17% run-rate yield is above the group’s middle yield of 7.75%, and its raise streak of 0 years is the 7th longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating No cut ⓘ
TWO $12.18Two Harbors Investment $0.34/qtr$1.36/yr fwd 11.17% Dividend Safety Rating: paid plans only 0 yrsno raise streak
ALX $245.51Alexander's $4.50/qtr$18.00/yr fwd 7.33% Dividend Safety Rating: paid plans only 12 yrsno raise streak
AAT $21.50American Assets Trust $0.34/qtr$1.36/yr fwd 6.33% Dividend Safety Rating: paid plans only 5 yrsraised 5 yrs in a row
UMH $14.55UMH Properties $0.225/qtr$0.90/yr fwd 6.19% Dividend Safety Rating: paid plans only 17 yrsraised 5 yrs in a row
MEQYF $127.68Mainstreet Equity $0.0565/qtr$0.23/yr fwd 0.18% Dividend Safety Rating: paid plans only 1+ yrraised 1+ yr in a row
EQR $57.32Equity Residential $0.7025/qtr$2.81/yr fwd 4.90% Dividend Safety Rating: paid plans only 9 yrsraised 4 yrs in a row
EFC $11.11Ellington Financial $0.13/mo$1.56/yr fwd 14.04% Dividend Safety Rating: paid plans only 2 yrsno raise streak
GNL $6.58Global Net Lease $0.19/qtr$0.76/yr fwd 11.55% Dividend Safety Rating: paid plans only 0 yrsno raise streak
IIPR $53.04Innovative Industrial Properties $1.90/qtr$7.60/yr fwd 14.33% Dividend Safety Rating: paid plans only 8+ yrsraised 8+ yrs in a row
LADR $8.50Ladder Capital $0.23/qtr$0.92/yr fwd 10.82% Dividend Safety Rating: paid plans only 5 yrsno raise streak
DEA $22.06Easterly Government Properties $0.45/qtr$1.80/yr fwd 8.16% Dividend Safety Rating: paid plans only 10+ yrsraised 1 yr in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: TWO vs ALX, TWO vs AAT, TWO vs UMH.

TWO Dividend History: Every Payment Since 2009

Ex-datePay dateAmountFrequencyType
Jul 2, 2026Jul 6, 2026$0.34QuarterlyRegular
Apr 2, 2026Apr 6, 2026$0.34QuarterlyRegular
Jan 5, 2026Jan 7, 2026$0.34QuarterlyRegular
Oct 3, 2025Oct 6, 2025$0.34QuarterlyRegular
Jul 3, 2025Jul 7, 2025$0.39QuarterlyRegular
Apr 4, 2025Apr 7, 2025$0.45QuarterlyRegular
Jan 3, 2025Jan 6, 2025$0.45QuarterlyRegular
Oct 1, 2024Oct 3, 2024$0.45QuarterlyRegular
Jul 5, 2024Jul 8, 2024$0.45QuarterlyRegular
Apr 3, 2024Apr 5, 2024$0.45QuarterlyRegular
The other 58 TWO payments come with a paid plan.
Show all 68 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for TWO

UnlockDividend Safety Rating: paid plans only
See where TWO lands, and why.
See the rating & factors »
Own TWO? Your payouts fill in by themselves Add TWO once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track TWO →

TWO Dividend Questions

How often does TWO pay dividends?

TWO pays quarterly, 4 times a year. Recent payments arrived in Jan, Apr, Jul and Oct, with ex-dates in Jan, Apr, Jul and Oct. The ex-date comes about every 91 days, and the cash usually lands about 3 days later.

Does TWO pay dividends monthly?

No. TWO pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next TWO dividend?

TWO has not declared its next dividend yet. By its usual gap of about 91 days the next ex-date was due around Oct 1, 2026, and it is not on file yet: it may be late, or still to be announced. The latest one, $0.34 a share, went ex on Jul 2, 2026 and paid Jul 6, 2026. The current rate is $0.34 per share, $1.36 a year.

Did TWO pay a dividend in July 2026?

Yes: $0.34 a share, ex-date Jul 2, 2026, paid Jul 6, 2026. The next one is not on file yet.

How much does TWO pay per share?

TWO pays $0.34 a share quarterly, $1.36 a year. At the Aug 24, 2026 close of $12.18 that is an 11.17% run-rate yield.

Has TWO raised its dividend?

TWO has no current streak of yearly raises. The latest raise, on Dec 29, 2020, took the rate from $0.56 to $0.68 (+21.43%). Since then the rate was cut on Jul 3, 2025, from $0.45 to $0.39. Over five years the dividend grew -12.9% a year.

Is TWO’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. TWO paid out 119% of its cash flow as dividends over the 4 quarters to Jun 30, 2026. This is data, not investment advice. The full 7-check rating comes with a plan.

How do I track my TWO dividends?

Add TWO to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run TWO in the DRIP calculator.

More Dividend Lists and Tools

TWO Stock: Price, Earnings & Charts » TWO DRIP Calculator » All Dividend Lists & Tools »Dividend Portfolio Builder HOT »Recession-Proof Dividend Stocks HOT »Best Crash Recovery Stocks NEW »Safest Dividend Stocks NEW »Ex-Dividend Calendar »Dividend Raises This Month »Latest Dividend Cuts »Dividend Kings (50+ yrs) »Track Your Own Stocks »
How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Aug 24, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 7 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.