Mesabi Trust (NYSE:MSB – Get Free Report) announced a quarterly dividend on Tuesday, April 16th, Wall Street Journal reports. Shareholders 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 yield of 6.70%. The ex-dividend date is Monday, April 29th.
Mesabi Trust has decreased its dividend payment by an average of 40.6% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Mesabi Trust Stock Performance
Shares of Mesabi Trust stock opened at $17.31 on Friday. The business has a 50 day moving average of $17.84 and a 200 day moving average of $19.13. Mesabi Trust has a 52 week low of $16.68 and a 52 week high of $23.94.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on MSB
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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