Published on 23 Jun 2023 on Zacks via Yahoo Finance
Two Harbors (TWO) Cuts Dividend by 25% to Preserve Capital
Two Harbors Investment Corp. TWO has announced a reduction in its quarterly dividend payments. Its board of directors declared a quarterly cash dividend of 45 cents per share for second-quarter 2023.
The dividend will be paid out on Jul 28, 2023, to stockholders of record as of the close of business on Jul 5, 2023. The second-quarter dividend indicates a decline of 25% from the previously announced amount of 60 cents.
TWO’s strategy of capital preservation seems prudent amid decelerating macroeconomic fundamentals.