TWO currently has 299 M shares out. After the SPO, 57.5 M additional shares will be out. Total 356.5 M.
TWO is giving each share as of March 29th (ex-div) $0.32
TWO is also handing out a total of 17.8 M shares of SBY.
17.8/356.5 = 0.0499 shares of SBY per share of TWO. SBY is already traded, and closed AH at $19.00 even. So that 0.0499 shares is worth 95 cents, which will probably also be handed out with an ex-div date of March 29th (the record dates are the same, but the rules are in terms of cash divs, but FINRA may just say yeah, shares are the same as cash in this case, so record-minus-2 is the ex-div; and no, the rule mentions nothing about T+3, it just works out that way).
So every share of TWO will receive the equivalent of $0.32+0.95 = $1.27. Give or take depending on how SBY trades between now and the end of the month.
TWO closed AH at $13.64. So the yield for this quarter is 9.3%. For this QUARTER.
On an annualized basis that means this stock will post a yield of 37.2%. Give or take depending on how TWO and SBY both trade between now and the end of the month.