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NEW YORK ( TheStreet) -- The ex-dividend date for Mesabi (NYSE: MSB) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $31.55 as of 9:30 a.m. ET, the dividend yield is 0.8%. The average volume for Mesabi has been 136,100 shares per day over the past 30 days. Mesabi has a market cap of $414.1 million and is part of the financial sector and financial services industry. Shares are up 25.5% year to date as of the close of trading on Tuesday. 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 12.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.