Mesabi Stock To Go Ex-dividend Tomorrow (MSB)

NEW YORK ( TheStreet) -- The ex-dividend date for Mesabi (NYSE: MSB) is tomorrow, April 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $35.20 as of 9:30 a.m. ET, the dividend yield is 0.6%.

The average volume for Mesabi has been 214,300 shares per day over the past 30 days. Mesabi has a market cap of $461.2 million and is part of the financial sector and financial services industry. Shares are down 9.5% year to date as of the close of trading on Monday.

Mesabi Trust operates as a grantor trust in the United States. The company has a P/E ratio of 14.2, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Mesabi as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Mesabi Ratings Report.

See our dividend calendar or top-yielding stocks list.

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