Mesabi Trust (NYSE:MSB) Declares $0.56 Dividend

Mesabi Trust (NYSE:MSB) announced a dividend on Wednesday, April 23rd, investing.com reports. Investors of record on Thursday, May 1st will be paid a dividend of 0.56 per share by the mining company on Tuesday, May 20th. This represents a dividend yield of 8.05%. The ex-dividend date is Wednesday, April 30th.

Mesabi Trust has raised its dividend by an average of 18.6% annually over the last three years.

Mesabi Trust Stock Performance

Shares of MSB opened at $28.11 on Monday. The firm has a market cap of $368.74 million, a PE ratio of 4.01 and a beta of 0.66. Mesabi Trust has a twelve month low of $15.93 and a twelve month high of $37.00. The firm’s 50 day moving average price is $26.93 and its 200 day moving average price is $26.84.

Mesabi Trust (NYSE:MSB) last released its quarterly earnings results on Thursday, April 24th. The mining company reported $0.46 earnings per share for the quarter. The business had revenue of $6.85 million for the quarter. Mesabi Trust had a net margin of 93.80% and a return on equity of 231.09%.

Mesabi Trust Company Profile

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. Mesabi Trust was founded in 1961 and is based in New York, New York.