Great Northern Iron Ore Properties (GNI) Announces Quarterly Dividend of $2.60
Great Northern Iron Ore Properties (NYSE:GNI) declared a quarterly dividend on Wednesday, September 18th, AnalystRatingsNetwork.com reports. Investors of record on Monday, September 30th will be given a dividend of $2.60 per share on Thursday, October 31st. This represents a $10.40 dividend on an annualized basis and a yield of 14.15%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Great Northern Iron Ore Properties’s previous quarterly dividend of $2.50.
Shares of Great Northern Iron Ore Properties (NYSE:GNI) traded up 1.18% on Wednesday, hitting $73.50. The stock had a trading volume of 10,831 shares. Great Northern Iron Ore Properties has a 52-week low of $61.50 and a 52-week high of $89.99. The stock’s 50-day moving average is $70.17 and its 200-day moving average is $71.02. The company has a market cap of $110.2 million and a price-to-earnings ratio of 7.02.
Great Northern Iron Ore Properties (NYSE:GNI) will cease to be a going concern and all shares will be cancelled, on April 6, 2015.
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