Mesabi Trust Declares Quarterly Dividend of $0.49 (MSB)
Mesabi Trust (NYSE:MSB) declared a quarterly dividend on Wednesday, January 16th. Investors of record on Wednesday, January 30th will be given a dividend of $0.49 per share on Wednesday, February 20th. This represents a $1.96 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend is Monday, January 28th.
Shares of Mesabi Trust (MSB) traded down 7.61% during mid-day trading on Wednesday, hitting $23.92. Mesabi Trust (MSB) has a 52 week low of $21.51 and a 52 week high of $34.97. The stock’s 50-day moving average is currently $24.53. The company has a market cap of $313.8 million and a P/E ratio of 10.56.
Mesabi Trust (the Trust) conserves and protects the Trust Estate, and collects and distributes the income and proceeds there from to the Trust’s certificate holders.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.