TWOD · Two Harbors Investment Corp 9.375% Senior Notes due 8/15/2030, cumulative · dividend, yield to call and par
Summary
TWOD is a cumulative preferred of Two Harbors Investment Corp. Par is $25.00. The coupon is 9.375%, fixed, paid as $0.5859 a quarter. It is not callable. The issuer is an operating company rated investment grade. The score is 6.3, Average.
4 payments a year. 6 paid since 2025, the amount varies.
Payments ↓The issuer holds no redemption right, so the yield to worst is the current yield. With the coupon fixed, a one-point move in rates shifts the price about 11%.
Price history ↓9.38% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. The coverage & protection pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Feb 1, 2027 | 02/16/27 | $0.5859 | 0.0% | estimated from the coupon |
| Oct 30, 2026 | 11/16/26 | $0.5859 | 0.0% | declared · pays 11/16/26 |
| Jul 31, 2026 | 08/17/26 | $0.5859 | 0.0% | paid |
| May 1, 2026 | 05/15/26 | $0.5859 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| TWOD this pageTwo Harbors Investment Corp 9.375% Senior Notes due 8/15/2030 | 9.16% | 9.375% | Investment grade | None | 6.3 |
| C-NCitigroup Capital XIII 7.875% Fixed-to-Floating Trust Preferred due 2040 | 10.15% | 10.707% | Investment grade | Callable now | 6.1 |
| BEP-ABrookfield Renewable Partners L.P. 5.25% Class A Preferred Ltd Partnership Units Series 17 | 7.72% | 5.25% | Investment grade | Callable now | 7.3 |
| T-CAT&T, Inc. 4.75% Depositary Shares Perpetual Preferred Stock, Series C | 7.58% | 4.75% | Investment grade | None | 7.9 |
| MS-EMorgan Stanley 7.125% Series E Fixed-to-Floating Preferred | 7.27% | 7.283% | Investment grade | Callable now | 6.2 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about TWOD
How much does TWOD pay, and how often?
TWOD pays $2.34 a share a year. That is 9.375% of the $25.00 face value. At the November 9 close of $25.59, it is a 9.16% current yield.
When is TWOD’s next ex-dividend date?
February 1, 2027, with payment on February 16. The date is projected from the payment cycle. Two Harbors Investment Corp has not declared it yet.
Are TWOD’s payments qualified dividends?
No. TWOD is a bond, so it pays interest, which is taxed as ordinary income.
Can TWOD be called?
No. TWOD has no call date.
Does TWOD have a maturity date?
No. TWOD is perpetual. Two Harbors Investment Corp is not required to repay the $25.00 on any date.
What is TWOD’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is TWOD’s Income Quality Score?
TWOD scores 6.3 out of 10, in the Average tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Coverage and protection is the lowest, at 4.6. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
This is one record of 950+. The rest open with a free account.
No card is required. A free account opens every record, a watchlist and alerts.