Mesabi Trust (NYSE:MSB – Get Free Report) posted its earnings results on Friday. The mining company reported $5.97 EPS for the quarter, Zacks reports. Mesabi Trust had a return on equity of 83.21% and a net margin of 74.00%.
Mesabi Trust Trading Down 3.5 %
Shares of NYSE MSB opened at $25.41 on Friday. The firm has a market capitalization of $333.38 million, a PE ratio of 3.62 and a beta of 0.85. The business has a 50-day moving average price of $25.75 and a two-hundred day moving average price of $20.88. Mesabi Trust has a one year low of $15.93 and a one year high of $28.69.
Mesabi Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.39 per share. This is an increase from Mesabi Trust’s previous quarterly dividend of $0.30. This represents a $1.56 annualized dividend and a yield of 6.14%. The ex-dividend date was Wednesday, October 30th. Mesabi Trust’s payout ratio is 22.25%.
Analyst Ratings Changes
Check Out Our Latest Research Report on MSB
About Mesabi Trust
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.
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