TWO HARBORS INVESTMENT CORP. (TWO) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
TWO currently has 105M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.49% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 29, 2026 |
10-Q filing | 104.9M shares outstanding |
100M | 0 |
| Oct 28, 2025 |
10-Q filing | 104.1M shares outstanding |
100M | 0 |
| Sep 19, 2025 |
8-K filing: Two Harbors Investment Corp. entered into an equity distribution agreement to offer and sell up to 15,000,000 shares of common stock through Citizens JMP Securities, LLC and BTIG, LLC. |
100M | 0 |
| Apr 29, 2025 |
10-Q filing | 104.0M shares outstanding |
100M | 0 |
| Feb 18, 2025 |
10-K filing | 103.6M shares outstanding |
100M | 0 |
| Oct 29, 2024 |
10-Q filing | 103.6M shares outstanding |
100M | 0 |
| Jul 31, 2024 |
10-Q filing | 103.6M shares outstanding |
100M | 0 |
| Jul 30, 2024 |
8-K filing: Two Harbors Investment Corp. entered into an amendment to the Equity Distribution Agreement with Citizens JMP Securities, LLC, increasing the Shares available for issuance through the ATM Program to 15,000,000. |
100M | 0 |
| Apr 30, 2024 |
10-Q filing | 103.4M shares outstanding |
100M | 0 |
| Feb 20, 2024 |
10-K filing | 95.7M shares outstanding |
96M | 0 |
| Oct 31, 2023 |
10-Q filing | 96.2M shares outstanding |
96M | 0 |
| Aug 01, 2023 |
10-Q filing | 96.4M shares outstanding |
96M | 0 |
| May 02, 2023 |
10-Q filing | 92.6M shares outstanding |
93M | 0 |
| Feb 28, 2023 |
10-K filing | 96.1M shares outstanding |
96M | 0 |
| Nov 10, 2022 |
8-K filing: Two Harbors Investment Corp. entered into an equity distribution agreement with JMP Securities LLC to offer and sell up to 11,000,000 shares of its common stock from time to time through the Placement Agent. |
86M | 0 |
| Nov 09, 2022 |
10-Q filing | 86.3M shares outstanding |
86M | 0 |
| Nov 02, 2022 |
8-K filing: The company enacted a reverse stock split and has several equity offerings and plans in place, including an at-the-market offering, a dividend reinvestment plan, equity incentive plans, and a share repurchase program. |
340M | 0 |
| Nov 01, 2022 |
Stock Split
8-K filing: Stock split 1-for-4 | Outstanding: 344,277,723 → 86,069,430 |
86M | 0 |
| Aug 04, 2022 |
10-Q filing | 344.3M shares outstanding |
340M | 0 |
| Jun 22, 2022 |
8-K filing: Two Harbors Investment Corp. authorized the repurchase of up to five million shares of its preferred stock, including its 8.125% Series A, 7.625% Series B, and 7.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. |
340M | 0 |
| May 05, 2022 |
10-Q filing | 344.0M shares outstanding |
340M | 0 |
| Mar 01, 2022 |
10-K filing | 343.9M shares outstanding |
340M | 0 |
| Nov 09, 2021 |
10-Q filing | 346.7M shares outstanding |
350M | 0 |
| Oct 28, 2021 |
8-K filing: Two Harbors Investment Corp. completed a public offering of 30,000,000 shares of its common stock on October 28, 2021, pursuant to an underwriting agreement. |
310M | 0 |
| Aug 13, 2021 |
8-K filing: Two Harbors Investment Corp. filed a new prospectus supplement related to the offer and sale of shares of common stock under its existing at-the-market equity offering program (ATM Program) and entered into an Amended and Restated Equity Distribution Agreement with Credit Suisse Securities (USA) LLC, with 31,302,700 shares remaining available for offer and sale under the ATM Program. |
310M | 0 |
| Aug 05, 2021 |
10-Q filing | 313.9M shares outstanding |
310M | 0 |
| Jul 14, 2021 |
8-K filing: Two Harbors Investment Corp. completed a public offering of 40,000,000 shares of its common stock on July 14, 2021, pursuant to an underwriting agreement with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC. |
270M | 0 |
| May 06, 2021 |
10-Q filing | 273.7M shares outstanding |
270M | 0 |
| Feb 25, 2021 |
10-K filing | 273.6M shares outstanding |
270M | 0 |
| Nov 05, 2020 |
10-Q filing | 273.7M shares outstanding |
270M | 0 |
| Aug 06, 2020 |
10-Q filing | 273.6M shares outstanding |
270M | 0 |
| May 08, 2020 |
10-Q filing | 273.4M shares outstanding |
270M | 0 |
| Feb 26, 2020 |
10-K filing | 267.8M shares outstanding |
270M | 0 |