Two Harbors Investment's Series B Preferred Stock Crosses Above 8.5% Yield Territory
August 05, 2024 at 14:18 PM EDT
In trading on Monday, shares of Two Harbors Investment Corp's 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (TWO. RB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.9062), with shares changing hands as low as $22.17 on the day.