Mesabi Trust (NYSE:MSB) Declares Quarterly Dividend of $0.26

Mesabi Trust (NYSE:MSB - Get Free Report) declared a quarterly dividend on Friday, January 16th. Investors of record on Friday, January 30th will be paid a dividend of 0.26 per share by the mining company on Friday, February 20th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, January 30th.Mesabi Trust has raised its dividend by an average of 0.2%per year over the last three years. Mesabi Trust Stock Up 2.4%NYSE:MSB opened at $34.92 on Wednesday. The company's 50 day moving average is $35.92 and its 200-day moving average is $32.96. The firm has a market cap of $458.08 million, a price-to-earnings ratio of 26.09 and a beta of 0.57. Mesabi Trust has a 12 month low of $22.55 and a 12 month high of $42.38. Mesabi Trust (NYSE:MSB - Get Free Report) last announced its earnings results on Friday, December 12th. The mining company reported $0.21 EPS for the quarter. The firm had revenue of $3.39 million for the quarter. Mesabi Trust had a net margin of 82.80% and a return on equity of 79.30%. Institutional Trading of Mesabi TrustSeveral institutional investors have recently made changes to their positions in MSB. Quent Capital LLC acquired a new position in Mesabi Trust in the third quarter valued at about $28,000. NewEdge Advisors LLC raised its holdings in shares of Mesabi Trust by 57.3% in the second quarter. NewEdge Advisors LLC now owns 1,612 shares of the mining company's stock valued at $39,000 after buying an additional 587 shares during the last quarter. Colonial Trust Advisors acquired a new position in Mesabi Trust during the 3rd quarter worth about $44,000. Acadian Asset Management LLC acquired a new position in Mesabi Trust during the 1st quarter worth about $44,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Mesabi Trust by 73.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,491 shares of the mining company's stock worth $57,000 after acquiring an additional 630 shares during the last quarter. About Mesabi Trust (Get Free Report)Mesabi Trust NYSE: MSB is a passive royalty trust that holds royalty interests in iron ore properties located on Minnesota's Mesabi Iron Range. The trust does not engage in mining operations directly but receives royalty payments based on the volume of iron ore shipped from the underlying properties. These payments are derived from production of iron ore concentrate and taconite pellets sold to domestic and international steel producers. Established in December 2011, Mesabi Trust was formed through the consolidation of royalty interests contributed by several mining companies.Read MoreFive stocks we like better than Mesabi TrustAmerica's Next Power Move Starts UndergroundYour Signature Is Missing – Act Before It’s Too LateNEW LAW: Congress Approves Setup For Digital Dollar?Refund From 1933: Trump’s Reset May Create Instant WealthThe biggest scam in the history of gold markets is unwindingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Mesabi Trust Right Now?Before you consider Mesabi Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mesabi Trust wasn't on the list.While Mesabi Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here