Two Harbors suspends first quarter 2020 preferred stock dividends

By Wendy Van Sickle

Columbus, Ohio, March 24 – Two Harbors Investment Corp. said its board of directors has suspended its first quarter 2020 preferred and common stock dividends to preserve liquidity and long-term stockholder value.

The dividend suspension is a result of the volatile market conditions related to the Covid-19 pandemic, according to a news release.

Two Harbors is a New York-based real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights, commercial real estate and other financial assets.

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