Mesabi Trust (NYSE:MSB) announced a quarterly dividend on Monday, April 16th, Wall Street Journal reports. Investors of record on Monday, April 30th will be given a dividend of 0.45 per share by the mining company on Sunday, May 20th. This represents a $1.80 annualized dividend and a yield of 7.69%. The ex-dividend date of this dividend is Friday, April 27th.
Mesabi Trust has decreased its dividend payment by an average of 5.6% per year over the last three years and has raised its dividend every year for the last 4 years.
NYSE:MSB opened at $23.40 on Thursday. Mesabi Trust has a one year low of $12.70 and a one year high of $30.92. The company has a market cap of $310.29, a P/E ratio of 12.85 and a beta of 0.45.
Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was founded in 1919 and is based in New York, New York.
Receive News & Ratings for Mesabi Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mesabi Trust and related companies with MarketBeat.com's FREE daily email newsletter.