Looking at the universe of stocks we cover at Dividend Channel, on 7/26/13, Mesabi Trust (MSB) will trade ex-dividend, for its quarterly dividend of $0.46, payable on 8/20/13. As a percentage of MSB's recent stock price of $18.28, this dividend works out to approximately 2.52%, so look for shares of Mesabi Trust to trade 2.52% lower — all else being equal — when MSB shares open for trading on 7/26/13.
Below is a dividend history chart for MSB, showing historical dividends prior to the most recent $0.46 declared by Mesabi Trust:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MSB is likely to continue, and whether the current estimated yield of 10.06% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MSB shares, versus its 200 day moving average:Looking at the chart above, MSB's low point in its 52 week range is $17.07 per share, with $30.65 as the 52 week high point — that compares with a last trade of $18.37.
In Wednesday trading, Mesabi Trust shares are currently up about 0.2% on the day.