Mesabi Trust's last quarterly dividend of $0.37 per share was on Jan 29, 2024 (ex-date). At an annualized rate of $0.72 per share, the stock yields 4.13%. The latest MSB payout of $0.37 marks a dividend growth of 6%.
Mesabi Trust's dividend yield of 4.13% is above the Basic Materials sector and the industry average. Compared to its Basic Materials sector average of 1.94%, Mesabi Trust's dividend yield is 113% higher. The historical 5-year average of MSB's dividend yield is 10.6%, which is above the current yield.
Mesabi Trust has a history of paying dividends since 1995. Our records of MSB show that the company has issued two quarterly dividends in the last twelve months. The annualized DPS marks a decrease of 86% since one year ago. And with the stock price down by 31% from a year ago, the dividend yield marks a decrease of 79%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 29, 2024 | Feb 20, 2024 | Jan 12, 2024 | $0.37 | normal |
| Oct 27, 2023 | Nov 20, 2023 | Oct 13, 2023 | $0.35 | normal |
| Jul 28, 2022 | Aug 20, 2022 | Jul 15, 2022 | $0.84 | normal |
| Apr 28, 2022 | May 20, 2022 | Apr 14, 2022 | $1.04 | normal |
| Jan 27, 2022 | Feb 20, 2022 | Jan 11, 2022 | $1.75 | normal |
| Oct 28, 2021 | Nov 20, 2021 | Oct 8, 2021 | $1.42 | normal |
| Jul 29, 2021 | Aug 20, 2021 | Jul 12, 2021 | $0.09 | normal |
| Apr 29, 2021 | May 20, 2021 | Apr 12, 2021 | $0.89 | normal |
| Jan 28, 2021 | Feb 20, 2021 | Jan 11, 2021 | $0.46 | normal |
| Oct 29, 2020 | Nov 20, 2020 | Oct 9, 2020 | $0.36 | normal |
| Jul 29, 2020 | Aug 20, 2020 | Jul 13, 2020 | $0.05 | normal |
| Apr 29, 2020 | May 20, 2020 | Apr 13, 2020 | $0.56 | normal |
| Jan 29, 2020 | Feb 20, 2020 | Jan 14, 2020 | $0.7 | normal |
| Oct 29, 2019 | Nov 20, 2019 | Oct 11, 2019 | $0.87 | normal |
| Jul 29, 2019 | Aug 20, 2019 | Jul 12, 2019 | $0.21 | normal |
| Apr 29, 2019 | May 20, 2019 | Apr 12, 2019 | $0.89 | normal |
| Jan 29, 2019 | Feb 20, 2019 | Jan 11, 2019 | $1.39 | normal |
| Oct 29, 2018 | Nov 20, 2018 | Oct 11, 2018 | $0.94 | normal |
| Jul 27, 2018 | Aug 20, 2018 | Jul 13, 2018 | $0.22 | normal |
| Apr 27, 2018 | May 20, 2018 | Apr 13, 2018 | $0.45 | normal |
| Jan 29, 2018 | Feb 20, 2018 | Jan 13, 2018 | $1.18 | normal |
| Oct 27, 2017 | Nov 20, 2017 | Oct 13, 2017 | $0.64 | normal |
| Jul 26, 2017 | Aug 20, 2017 | Jul 14, 2017 | $0.16 | normal |
| Apr 26, 2017 | May 20, 2017 | Apr 14, 2017 | $0.55 | normal |
| Jan 26, 2017 | Feb 20, 2017 | Jan 19, 2017 | $0.14 | normal |
| Oct 26, 2016 | Nov 20, 2016 | Oct 14, 2016 | $0.1 | normal |
| Jul 27, 2016 | Aug 20, 2016 | Jul 14, 2016 | $0.2 | normal |
Mesabi Trust's payout ratio of 83.7% is above the Basic Materials sector and the industry average. Compared to its Basic Materials sector average of 32.7%, Mesabi Trust's payout ratio is 156% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MSB Mesabi Trust | 4.17% | $0.72 | 83.7% |
| MSM Msc Industrial Direct Co Inc | 3.51% | $3.28 | 58.6% |
| AIT Applied Industrial Technologies Inc | 0.76% | $1.42 | 14.7% |
Yes, Mesabi Trust has paid two dividends in the last 12 months. MSB has been paying dividends since 1995.
MSB has announced its next dividend with ex-date Apr 29, 2024.
Mesabi Trust's last regular dividend was on Jan 29, 2024 (ex-date) with the amount of $0.37 per share.
On an annual basis MSB pays $0.72 per share.
Mesabi Trust's current dividend yield is 4.13%.
The dividend payout ratio of Mesabi Trust is 83.7%.
Mesabi Trust's dividend yield is above the Basic Materials sector average.