Dividends

Upcoming ex-dividend dates, recent cuts and initiations across 10+ years of US dividend history.
Two Harbors Investment (TWO) — Dividend Profile
Real Estate·Real Estate Investment Trusts
11y payment streakActiveQuarterly
Forward Yield
11.02%
@ $12.34
TTM Yield
11.43%
Forward Annual
$1.36
Quarterly
Market Cap
$1.3b
Payout (FCF)
—
Payout (Earnings)
—
Latest Amount
$0.3400
Ex 2026-04-02
3y CAGR
-31.3%
5y CAGR
32.0%
10y CAGR
-0.3%
Next Ex-Date
—
Last recorded cut on or near 2025-10-03.
Dividend Safety Forensics
Composite of six quantitative scores plus a 5-point yield-trap framework. Each axis contributes independently; the overall label is the aggregate.
Forensics: WarningYield Trap: Yellow2 of 6 red flags · 2 of 5 trap signals
Score breakdown
Altman Z (bankruptcy)
Distance from bankruptcy. Safe > 2.99, Distress < 1.81.
Distress (0.78)
Ohlson O (default prob)
Estimated 1-year probability of financial distress.
High (78.7%)
Piotroski F-Score
Fundamental quality (9 binary criteria). 7+ strong, 3- weak.
5/9 (Moderate)
Beneish M (manipulation)
Detects accounting manipulation signals in earnings.
Clean
Dividend Safety (EQ)
Composite from payout ratio, FCF coverage, accrual quality.
No coverage
FCF Coverage
Free cash flow divided by dividends. 2.0× = strong cushion.
No coverage
Yield-trap signals (5-point Benzinga framework)
Payout > 100%
Paying out more than it earns over TTM.
✓ OK
FCF coverage < 1.0×
Free cash flow doesn't fully cover the dividend.
✓ OK
Yield > 2× sector median
Yield well above peers — often a sign of price collapse, not premium income.
⚠ Fired
High leverage (D/E > 2)
Debt-to-equity above 2× — limits flexibility if cash flow dips.
⚠ Fired
6m return < -25%
Current 6m return: +20.7%
✓ OK
Dividend Capture Stats
Measures how this stock has historically behaved around its ex-dividend dates over the last 10 years. Pre-tax, pre-commission, before-slippage. Based on 25 settled events.
Median Ex-Date Drop
-3.80%
Pre-close → ex-close. Clean ex-dates drop by ~the dividend amount.
Recovery Rate
68%
17 of 25 events recovered within 90 days
Median Recovery Time
16 days
5 – 27 days IQR
Avg Capture Yield
2.13%
Per-cycle return when capture succeeds
Disclaimer: Historical capture statistics are descriptive, not predictive. Past recovery patterns don’t guarantee future ones. The "naive capture" math also ignores taxes (qualified-dividend treatment vs. short-term gains can swing outcomes significantly).
Annual dividends per share
Sum of recurring per-share payments per calendar year. Current year is partial.
Cumulative per-share payments
Full dividend history (41)
Ex-Date▼AmountFrequencyPay DateType
2026-04-02$0.3400Quarterly2026-04-15recurring
2026-01-05$0.3400Quarterly2026-01-29recurring
2025-10-03$0.3400Quarterly2025-10-29recurring
2025-07-03$0.3900Quarterly2025-07-29recurring
2025-04-04$0.4500Quarterly2025-04-29recurring
2025-01-03$0.4500Quarterly2025-01-29recurring
2024-10-01$0.4500Quarterly2024-10-29recurring
2024-07-05$0.4500Quarterly2024-07-29recurring
2024-04-03$0.4500Quarterly2024-04-29recurring
2024-01-11$0.4500Quarterly2024-01-29recurring
2023-10-02$0.4500Quarterly2023-10-27recurring
2023-07-03$0.4500Quarterly2023-07-28recurring
2023-04-03$0.6000Quarterly2023-04-28recurring
2023-01-04$0.6000Quarterly2023-01-27recurring
2022-09-30$0.1700Quarterly2022-10-28recurring
2022-07-01$0.1700Quarterly2022-07-29recurring
2022-04-01$0.1700Quarterly2022-04-29recurring
2021-12-28$0.1700Quarterly2022-01-28recurring
2021-09-30$0.1700Quarterly2021-10-29recurring
2021-06-28$0.1700Quarterly2021-07-29recurring
2021-03-26$0.1700Quarterly2021-04-29recurring
2020-12-29$0.1700Quarterly2021-01-29recurring
2020-09-30$0.1400Quarterly2020-10-29recurring
2020-06-29$0.1400Quarterly2020-07-29recurring
2020-04-15$0.0500Quarterly2020-04-29recurring
2019-12-30$0.4000Quarterly2020-01-24recurring
2019-09-27$0.4000Quarterly2019-10-28recurring
2019-06-28$0.4000Quarterly2019-07-29recurring
2019-03-28$0.4700Quarterly2019-04-29recurring
2018-12-28$0.4700Quarterly2019-01-28recurring
2018-09-28$0.3116Quarterly2018-10-29recurring
2018-07-24$0.1584Quarterly2018-07-30recurring
2018-06-28$0.4700Quarterly2018-07-27recurring
2018-03-29$0.4700Quarterly2018-04-27recurring
2017-12-22$0.4700Quarterly2017-12-29recurring
2017-09-28$0.2600Quarterly2017-10-27recurring
2017-06-28$0.2600Quarterly2017-07-27recurring
2017-03-29$0.2500Quarterly2017-04-27recurring
2016-12-28$0.2400Quarterly2017-01-27recurring
2016-09-28$0.2300Quarterly2016-10-20recurring
2016-06-28$0.2300Quarterly2016-07-20recurring
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