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On March 18, 2021, Two Harbors Investment (NYSE:TWO) declared a dividend payable on April 29, 2021 to its shareholders. Two Harbors Investment also announced that shareholders on the company's books on or before March 29, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Two Harbors Investment, which has a current dividend per share of $0.17, has an ex-dividend date scheduled for March 26, 2021. That equates to a dividend yield of 8.81% at current price levels.
What Are Ex-Dividend Dates?
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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. Most ex-dividend dates operate on a quarterly basis.
Two Harbors Investment's Dividend History
Over the past year, Two Harbors Investment has experienced an overall upward trend regarding its dividend payouts and yields. Last year on April 15, 2020 the company's payout was $0.05, which has since grown by $0.12. Similarly, Two Harbors Investment's dividend yield in last year was 8.26%, which has since grown 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.
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