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TWO'B

Two Harbors Investment Corp. · Series B · REITs
Also quoted as: TWO-B, TWOprB, TWO.PRB, TWO-PB, TWOpB
$25.26
last price · 2026-09-14

About this security

TWO'B is a variable-rate cumulative perpetual preferred stock issued by Two Harbors Investment Corp., grouped under REITs. $25 liquidation preference, dividend rate currently 7.62% a year (initial rate 7.625%), current yield 7.55%, callable from 2027-07-27.

Two Harbors Investment Corp.: Two Harbors Investment Corp. is a Maryland-based, internally managed real estate investment trust (REIT) founded in 2009 that invests in, finances, and manages mortgage servicing rights (MSR) and Agency residential mortgage-backed securities (RMBS). Its Agency RMBS holdings are backed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, or government agencies such as Ginnie Mae. Through its operational platform, RoundPoint Mortgage Servicing LLC, the company is one of the largest servicers of conventional mortgage loans in the United States. The company's strategy centers on managing interest rate and prepayment risk across its combined MSR and RMBS portfolio to generate more stable returns across varying market conditions. Company website

All Two Harbors Investment Corp. securities and the issuer profile →

Key Stats ✓ Verified against SEC filing (prospectus linked below)

live page · rendered 19:09:20 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current yield
7.55%
Annual Dividend
$1.9062
Current Rate
7.62%
a year, from the latest dividends
Recent Market Price
$25.26
as of 2026-09-14
Disc/Prem to Par (→ screen)
Capital Appreciation to Par
−$0.26 (-1.0%)
Recent Ex-Date
2026-07-10
Pay Frequency
quarterly
Cumulative
Yes
Initial Rate
7.625%
Call Date
2027-07-27
Yield to Call
6.39%
Yield to Worst
6.39%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No (Limited change-of-control conversion)
Floating Rate
3-mo LIBOR + 5.352%
Pay Dates
April 27, July 27, October 27, January 27
Shares Offered (original)
10,000,000 +1,500,000 OA
Issued
2017-07-19
Series
B
Alt. Symbology
TWO-B, TWOprB, TWO.PRB, TWO-PB, TWOpB

vs. REITs (132 issues with a current yield): yield 7.55% vs avg 8.43% · discount +1.0% vs avg -15.5%

Quote

 TWO'B (preferred)TWO (common)
As of 2026-09-14 2026-08-25 ⚑ stale
Last $25.26 No current quote
Change +0.00 (+0.00%)
Open$25.26
High / Low $25.27 / $25.25
Prev Close$25.26
Volume137,524
52-Week High / Low $25.42 / $22.17

End-of-day closes, dated in the first row. A quote 3 or more trading sessions old is flagged stale, and a stale common quote is withheld. Change and Prev Close compare with the previous session's close. 52-week range based on available history, adjusted for splits. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

TWO'B TWO (common)

Dividend History

Ex-DateAmount / Share
2026-07-10$0.476560
2026-04-10$0.476560
2026-01-12$0.476560
2025-10-10$0.476560
2025-07-11$0.476560
2025-04-11$0.476560
2025-01-10$0.476560
2024-10-11$0.476560
2024-07-12$0.476560
2024-04-11$0.476560
2024-01-11$0.476560
2023-10-11$0.476560

Performance: $10K Calculator

See what an investment in TWO'B would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

Get dividend & filing alerts for TWO'B →

Prospectus (SEC 424B5)

We are offering 10,000,000 shares of our 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share, or the Series B Preferred Stock.

Full Prospectus (SEC filing) →

Other Securities from Two Harbors Investment Corp.

SymbolTypeCouponPriceYield
TWO'A preferred 8.125% 25.28 8.03%
TWO'C preferred 7.250% 25.33 9.45%

News: Two Harbors Investment Corp.

Issuer news via Tiingo, filtered to stories about TWO.

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