Understanding Two Harbors Investment's Ex-Dividend Date

On December 17, 2020, Two Harbors Investment TWO announced shareholders can expect to receive a dividend payable on January 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Two Harbors Investment has an ex-dividend date set for for December 29, 2020. The company's current dividend payout is $0.17, which equates to a dividend yield of 10.33% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Two Harbors Investment's Dividend History

Over the past year, Two Harbors Investment has seen its dividend payouts and yields descend downward overall. Last year on December 30, 2019 the company's payout sat at $0.4, which has since decreased by $0.23. Two Harbors Investment's dividend yield last year was 10.88%, which has since declined by 0.55%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more about Two Harbors Investment click here.