Two Harbors Inv: Dividend Insights
Portfolio Pulse from Benzinga Insights
Two Harbors Inv (NYSE:TWO) announced it will pay a quarterly dividend of 45 cents per share. The stock will go ex-dividend on Monday, meaning it will likely open 45 cents lower. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend, which will be paid out on July 28, 2023.
June 28, 2023 | 2:46 pm
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Two Harbors Inv is set to pay a quarterly dividend of 45 cents per share. The stock will go ex-dividend on Monday, which may cause a temporary drop in the stock price.
The announcement of a dividend payout often leads to a temporary increase in stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically drops by the amount of the dividend as the company's retained earnings decrease. In this case, Two Harbors Inv's stock price is expected to drop temporarily by 45 cents per share on Monday.
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