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Two Harbors Investment's Series B Preferred Stock Yield Pushes Past 9%

In trading on Thursday, shares of Two Harbors Investment Corp's 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: TWO.PRB) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9062), with shares changing hands as low as $20.75 on the day. This compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, TWO.PRB was trading at a 15.20% discount to its liquidation preference amount, versus the average premium of 40.29% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for TWO.PRB, showing historical dividend payments on Two Harbors Investment Corp's 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:

TWO.PRB+Dividend+History+Chart

In Thursday trading, Two Harbors Investment Corp's 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: TWO.PRB) is currently up about 0.7% on the day, while the common shares (Symbol: TWO) are up about 3.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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