Mesabi Trust Announces Quarterly Dividend of $0.16 (NYSE:MSB)

Mesabi Trust (NYSE:MSB) declared a quarterly dividend on Monday, July 17th, Wall Street Journal reports. Shareholders of record on Sunday, July 30th will be paid a dividend of 0.16 per share by the mining company on Sunday, August 20th. This represents a $0.64 annualized dividend and a yield of 4.28%. The ex-dividend date is Wednesday, July 26th.

Mesabi Trust has decreased its dividend by an average of 29.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Shares of Mesabi Trust (NYSE:MSB) traded down 0.99% on Friday, reaching $14.95. 53,178 shares of the company’s stock traded hands. The firm’s 50 day moving average is $13.93 and its 200 day moving average is $14.50. Mesabi Trust has a 52 week low of $8.05 and a 52 week high of $17.42. The firm has a market capitalization of $196.14 million, a P/E ratio of 14.63 and a beta of 0.35.

Separately, TheStreet upgraded shares of Mesabi Trust from a “c” rating to a “b” rating in a research note on Monday, May 15th.

ILLEGAL ACTIVITY WARNING: “Mesabi Trust Announces Quarterly Dividend of $0.16 (NYSE:MSB)” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/11/mesabi-trust-nysemsb-plans-quarterly-dividend-of-0-16-updated-updated-updated.html.

About Mesabi Trust

Mesabi Trust is a royalty trust. The purpose of the Trust is to conserve and protect the Trust Estate. The Trust operates in the iron ore mining segment. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The lessee/operator of Mesabi Trust’s mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc (Cliffs).

Dividend History for Mesabi Trust (NYSE:MSB)

What are top analysts saying about Mesabi Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mesabi Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit