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Great Northern Iron Ore Properties (NYSE:GNI) announced a quarterly dividend on Tuesday, June 17th, reports. Investors of record on Monday, June 30th will be paid a dividend of 2.50 per share on Thursday, July 31st. This represents a $10.00 annualized dividend and a dividend yield of 47.15%. The ex-dividend date is Thursday, June 26th. This is an increase from Great Northern Iron Ore Properties’s previous quarterly dividend of $2.25.

Shares of Great Northern Iron Ore Properties (NYSE:GNI) traded up 5.16% on Tuesday, hitting $21.21. 81,449 shares of the company’s stock traded hands. Great Northern Iron Ore Properties has a 52 week low of $16.80 and a 52 week high of $76.74. The stock has a 50-day moving average of $17.96 and a 200-day moving average of $29.33. The company has a market cap of $31.8 million and a price-to-earnings ratio of 2.06.

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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