Mesabi Trust (NYSE:MSB – Get Free Report) announced a quarterly dividend on Tuesday, April 16th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.29 per share by the mining company on Monday, May 20th. This represents a $1.16 annualized dividend and a dividend yield of 6.70%. The ex-dividend date is Monday, April 29th.
Mesabi Trust has decreased its dividend by an average of 40.6% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.
Mesabi Trust Stock Performance
Shares of NYSE:MSB opened at $17.31 on Friday. The company has a 50-day moving average price of $17.81 and a 200 day moving average price of $19.09. Mesabi Trust has a 52 week low of $16.68 and a 52 week high of $23.94.
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About Mesabi Trust
Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was incorporated in 1961 and is based in New York, New York.
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