Mesabi Trust (MSB) Plans Quarterly Dividend of $0.57
Mesabi Trust (NYSE:MSB) declared a quarterly dividend on Friday, January 17th, AR Network reports. Shareholders of record on Thursday, January 30th will be given a dividend of 0.57 per share on Thursday, February 20th. This represents a $2.28 dividend on an annualized basis and a yield of 10.22%.
Mesabi Trust (NYSE:MSB) traded up 0.81% on Friday, hitting $22.31. 21,899 shares of the company’s stock traded hands. Mesabi Trust has a one year low of $17.07 and a one year high of $25.62. The stock’s 50-day moving average is $21.94 and its 200-day moving average is $20.92. The company has a market cap of $292.7 million and a price-to-earnings ratio of 13.99.
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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