Mesabi Trust Announces Dividend of $0.12 (NYSE:MSB)

Mesabi Trust (NYSE:MSB) announced a dividend on Friday, July 18th, investing.com reports. Stockholders of record on Thursday, July 31st will be paid a dividend of 0.12 per share by the mining company on Wednesday, August 20th. This represents a dividend yield of 1.87%. The ex-dividend date is Wednesday, July 30th.

Mesabi Trust Price Performance

Shares of MSB opened at $25.56 on Friday. Mesabi Trust has a 1 year low of $15.93 and a 1 year high of $37.00. The company has a market capitalization of $335.35 million, a price-to-earnings ratio of 3.62 and a beta of 0.54. The business has a 50-day moving average of $25.07 and a 200-day moving average of $26.49.

Mesabi Trust (NYSE:MSB) last released its quarterly earnings data on Thursday, June 12th. The mining company reported $0.28 earnings per share for the quarter. The company had revenue of $4.74 million during the quarter. Mesabi Trust had a net margin of 96.23% and a return on equity of 233.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mesabi Trust stock. Royal Bank of Canada lifted its stake in shares of Mesabi Trust (NYSE:MSB) by 14.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,662 shares of the mining company’s stock after purchasing an additional 3,303 shares during the quarter. Royal Bank of Canada owned 0.20% of Mesabi Trust worth $725,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Mesabi Trust from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th.

Mesabi Trust Company Profile

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. Mesabi Trust was founded in 1961 and is based in New York, New York.