Two Harbors Investment Cuts Quarterly Dividend by 13%

Dow Jones

Jun 19, 2025

By Stephen Nakrosis

Two Harbors Investment said it was lowering its quarterly dividend to 39 cents a share from 45 cents.

The dividend cut is consistent with the reduction in the real-estate investment trust's book value, Chief Executive Bill Greenberg said Wednesday.

The decline in the REIT's book value stems from a contingency accrual of $198.9 million the St. Louis Park, Minn., company deemed probable and estimable in connection with continuing litigation related to its internalization in 2020, Greenberg said.

He added that the company believes lowering the dividend on a pro rata basis at this time is prudent, and positions Two Harbors to take advantage of future market opportunities.

The new dividend, $1.56 on an annual basis, will be payable on July 29 to stockholders of record at the close of business on July 3.

Based on Wednesday's closing share price of $10.74, the new dividend represents a yield of about 14.5%.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

June 18, 2025 16:44 ET (20:44 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4110","symbol_name":"抵押房地产投资信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2544882291","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544882291","pubTimestamp":1750279440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Two Harbors Investment said it was lowering its quarterly dividend to 39 cents a share from 45 cents.The dividend cut is consistent with the reduction in the real-estate investment trust's book value, Chief Executive Bill Greenberg said Wednesday.The decline in the REIT's book value stems from a contingency accrual of $198.9 million the St. Louis Park, Minn., company deemed probable and estimable in connection with continuing litigation related to its internalization in 2020, Greenberg said.He added that the company believes lowering the dividend on a pro rata basis at this time is prudent, and positions Two Harbors to take advantage of future market opportunities.The new dividend, $1.56 on an annual basis, will be payable on July 29 to stockholders of record at the close of business on July 3.Based on Wednesday's closing share price of $10.74, the new dividend represents a yield of about 14.5%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4110":"抵押房地产投资信托","TWO":"TWO HARBORS INVESTMENT CORP"},"translate_title":"两港投资将季度股息削减13%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWO":1},"content_text":"By Stephen Nakrosis \n\n\n \n\n\nTwo Harbors Investment said it was lowering its quarterly dividend to 39 cents a share from 45 cents. \n\n\n  The dividend cut is consistent with the reduction in the real-estate investment trust's book value, Chief Executive Bill Greenberg said Wednesday. \n\n\n  The decline in the REIT's book value stems from a contingency accrual of $198.9 million the St. Louis Park, Minn., company deemed probable and estimable in connection with continuing litigation related to its internalization in 2020, Greenberg said. \n\n\n  He added that the company believes lowering the dividend on a pro rata basis at this time is prudent, and positions Two Harbors to take advantage of future market opportunities. \n\n\n  The new dividend, $1.56 on an annual basis, will be payable on July 29 to stockholders of record at the close of business on July 3. \n\n\n  Based on Wednesday's closing share price of $10.74, the new dividend represents a yield of about 14.5%. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 18, 2025 16:44 ET (20:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}