Mesabi Trust (MSB) Declares Quarterly Dividend of $0.51
Mesabi Trust (NYSE:MSB) announced a quarterly dividend on Friday, October 11th, AmericanBankingNews.com reports. Investors of record on Wednesday, October 30th will be paid a dividend of $0.51 per share on Wednesday, November 20th. This represents a $2.04 annualized dividend and a dividend yield of 9.41%.
Mesabi Trust (NYSE:MSB) traded up 4.28% on Friday, hitting $21.67. The stock had a trading volume of 25,646 shares. Mesabi Trust has a 52 week low of $17.07 and a 52 week high of $30.65. The stock’s 50-day moving average is $20.9 and its 200-day moving average is $20.13. The company has a market cap of $284.3 million and a price-to-earnings ratio of 10.39.
Mesabi Trust (NYSE:MSB) conserves and protects the Trust Estate, and collects and distributes the income and proceeds there from to the Trust’s certificate holders.
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