On Wednesday, shares of Two Harbors Investment Corp’s 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Symbol: TWO.PRB) were yielding over 8.5%, based on a quarterly dividend of $1.9062, with prices falling as low as $22.20. In comparison, the average yield in the “Real Estate” preferred stock category is 8.13%. As of the last close, TWO.PRB was trading at a 9.60% discount to its liquidation preference, while the average discount in the category stands at 14.52%.
On the same day, TWO.PRB was down approximately 0.5%, while the common shares (Symbol: TWO) increased by about 0.2%.
