Mesabi Stock To Go Ex-dividend Tomorrow (MSB)

NEW YORK ( TheStreet) -- The ex-dividend date for Mesabi (NYSE: MSB) is tomorrow, July 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $31.56 as of 10:01 a.m. ET, the dividend yield is 7.7%.

The average volume for Mesabi has been 105,800 shares per day over the past 30 days. Mesabi has a market cap of $409.6 million and is part of the financial sector and financial services industry. Shares are down 17.4% year to date as of the close of trading on Monday.

Mesabi Trust operates as grantor trust in the United States. It produces iron ore pellets. The company holds interests in various properties, including its interest as an assignor in the amended assignments of Peters Lease and Cloquet Lease, which together cover approximately 9,750 acres in St. The company has a P/E ratio of 13.3, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Mesabi as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Mesabi Ratings Report.

See our dividend calendar or top-yielding stocks list.

null

More from Markets

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market