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| Two Harbors Investment's Series C Preferred Stock Shares Cross 9% Yield MarkBy Preferred Stock Channel Staff, Monday, August 28, 2:25 PM ET
In trading on Monday, shares of Two Harbors Investment Corp's 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:TWO.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $20.13 on the day. This compares to an average yield of 6.77% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, TWO.PRC was trading at a 17.64% discount to its liquidation preference amount, versus the average discount of 18.83% in the "Real Estate" category. The chart below shows the one year performance of TWO.PRC shares, versus TWO:
Below is a dividend history chart for TWO.PRC, showing historical dividend payments on Two Harbors Investment Corp's 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Monday trading, Two Harbors Investment Corp's 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYSE:TWO.PRC) is currently down about 1% on the day, while the common shares (NYSE:TWO) are trading flat.
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