Two Harbors Investment declares quarterly dividend

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TWO Intrinsic Value – Two Harbors Investment($NYSE:TWO) has declared a quarterly dividend of $0.17 per share, in line with its previous dividend. Two Harbors is a real estate investment trust focused on investing in residential mortgage-backed securities and other mortgage-related investments.

Dividends

Two Harbors Investment Corporation has announced that it will be paying a quarterly dividend of $0.68 per share for the second quarter of its fiscal year 2022. This is an increase from the $0.5 per share dividend that the company paid out for the last two quarters. Two Harbors has a history of paying consistent dividends, and its dividend yields for the last three years have been 9.58%, 9.87%, and 8.7%. With a three-year average dividend yield of 9.38%, the company is a good choice for investors looking for dividend stocks.

Share Price

On Wednesday, shares of Two Harbors Investment Corp. fell 2.5% to close at $4.70 after opening at $4.80. The move is part of Two Harbors’ strategy to focus on its core mortgage-backed securities business.

VI Analysis – TWO Intrinsic Value

A company’s fundamentals are a reflection of its long-term potential. The following is a simplified analysis of TWO HARBORS INVESTMENT’s fundamentals using the VI app. The intrinsic value of TWO HARBORS INVESTMENT shares is around $4.6, calculated by the VI Line. The stock is currently traded at $4.7, which is a fair price but is slightly overvalued by 2%.

Summary

Two Harbors Investment’s dividend yield of around 9% is also attractive, especially in today’s low interest rate environment. Overall, Two Harbors Investment looks like a good option for income-focused investors.