Mesabi Trust (NYSE:MSB – Get Free Report) declared a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend 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 raised its dividend annually for the last 1 consecutive years.
Mesabi Trust Trading Up 1.3 %
Mesabi Trust stock traded up $0.22 during midday trading on Wednesday, reaching $17.49. The company had a trading volume of 26,238 shares, compared to its average volume of 35,306. Mesabi Trust has a 12-month low of $16.68 and a 12-month high of $26.00. The firm’s fifty day simple moving average is $18.01 and its 200-day simple moving average is $19.25.
Institutional Trading of Mesabi Trust
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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