Two Hbrs Invt Corp Stock Price, News & Analysis

Two Harbors Investment Corp. (NYSE: TWO) reported its fourth-quarter financial results for 2021, showing a comprehensive loss of $128.6 million and a book value of $5.87 per share, reflecting a 5.6% decrease in quarterly return on book value. Earnings Available for Distribution (EAD) was $73.3 million, equating to $0.22 per share. Despite a challenging investment environment, the company continued its dividend payments, declaring $0.17 per share for the quarter. The annualized dividend yield stood at 10%, with significant MSR acquisitions totaling $88.3 billion in unpaid principal balance.

Two Harbors Investment Corp. (NYSE: TWO) has announced the tax treatment of its common and preferred stock dividends declared in 2021. All 2021 dividend distributions are not expected to include excess inclusion income, thus exempting certain tax-exempt investors from special tax reporting requirements. The common stock distribution, payable on January 28, 2022, will be treated as a 2022 distribution for tax purposes. Additionally, the company clarified the tax implications of its various preferred stock dividends and urged shareholders to consult their tax advisors regarding individual tax circumstances.

Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q4 2021 on February 9, 2022, after market close. A conference call to discuss the results is scheduled for February 10, 2022, at 9:00 a.m. ET. Participants can access the call via the company’s website or by calling (877) 502-7185. A playback will be available from February 10 through February 24, 2022. Two Harbors focuses on residential mortgage-backed securities and mortgage servicing rights.

Two Harbors Investment Corp (NYSE: TWO) has announced a $0.17 per share dividend for Q4 2021, payable on January 28, 2022. Shareholders on record by December 29, 2021 will receive this payment. Preferred stock dividends include $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on January 27, 2022, to stockholders on record by January 12, 2022.

Two Harbors Investment Corp. (NYSE: TWO) reported a book value of $6.40 per common share for Q3 2021, reflecting a 2.3% quarterly return. The company generated comprehensive income of $45.2 million, with earnings available for distribution (EAD) at $73.6 million or $0.24 per share. A dividend of $0.17 was declared. Significant growth was noted in the mortgage servicing rights (MSR) portfolio, with $29 billion UPB settled. Following capital issuances, $21 billion UPB of MSR is expected to be settled in upcoming quarters.

Two Harbors Investment Corp (NYSE: TWO) announced a public offering of 30 million shares of common stock, priced to yield $195.6 million in gross proceeds before underwriting fees. The underwriters have an option to purchase an additional 4.5 million shares within 30 days. The offering is expected to close on October 28, 2021. Proceeds will be utilized to acquire residential mortgage-backed securities and mortgage servicing rights, as well as for general corporate purposes.

Two Harbors Investment Corp (NYSE: TWO) has announced an underwritten public offering of 30,000,000 shares of its common stock, with an additional 4,500,000 share option for underwriters. The net proceeds will be used to acquire residential mortgage-backed securities, mortgage servicing rights, and other financial assets while adhering to investment guidelines. This follows the company's existing shelf registration with the SEC from February 2021. Citigroup, Credit Suisse, and RBC Capital Markets are managing the offering.

Two Harbors Investment Corp (NYSE: TWO) will release its financial results for Q3 ended September 30, 2021, after market close on November 8, 2021. A conference call is scheduled for November 9, 2021, at 9:00 a.m. ET to discuss the results. The call will be accessible via webcast on the company's website. For those unable to attend, a playback will be available from November 9 at 12:00 p.m. ET until November 23, 2021. Two Harbors is a Maryland-based REIT that invests in residential mortgage-backed securities and mortgage servicing rights.

Two Harbors Investment Corp (NYSE: TWO) has announced a third-quarter dividend of $0.17 per share, payable on October 29, 2021 to shareholders recorded by October 1, 2021. Additionally, preferred stock dividends were declared: $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, all payable on October 27, 2021 to shareholders of record by October 13, 2021. This reflects the company's ongoing commitment to returning value to stockholders.