MSB - Mesabi Trust

NYSE - NYSE Delayed Price. Currency in USD
29.17
-2.32 (-7.37%)
At close: 4:02PM EDT
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Previous Close31.49
Open30.64
Bid29.15 x 1000
Ask29.18 x 1000
Day's Range29.11 - 30.64
52 Week Range22.88 - 32.68
Volume239,938
Avg. Volume53,458
Market Cap382.71M
Beta (3Y Monthly)1.15
PE Ratio (TTM)8.67
EPS (TTM)3.37
Earnings DateSep 7, 2019 - Sep 17, 2019
Forward Dividend & Yield3.56 (11.31%)
Ex-Dividend Date2019-07-29
1y Target EstN/A
Trade prices are not sourced from all markets
  • Business Wire4 days ago

    Mesabi Trust Press Release

    The Trustees of Mesabi Trust (MSB) declared a distribution of twenty-one cents ($0.21) per Unit of Beneficial Interest payable on August 20, 2019 to Mesabi Trust Unitholders of record at the close of business on July 30, 2019. The one cent ($0.01) per Unit decrease in the current distribution, as compared to the same quarter last year, is partly attributable to a lower volume of shipments during the first calendar quarter 2019 compared to the first calendar quarter 2018, and to higher expenses generally. The distribution announced today recognizes that the Trust received total royalty payments of $3,149,582 on April 30, 2019 from Northshore Mining Company (“Northshore”).

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  • Business Wire6 months ago

    Mesabi Trust Announces Results of Special Meeting

    On January 23, 2019, Mesabi Trust (MSB) reconvened its Special Meeting of the Trust Certificate Holders of Mesabi Trust (the “Special Meeting”). At the reconvened Special Meeting, a total of 8,797,177 units of beneficial interest, or approximately 67.05% of our total 13,120,010 units outstanding and eligible to vote, were represented in person or by proxy, and constituted a quorum. At the reconvened Special Meeting, 6,896,828 units of beneficial interest, representing approximately 52.56% of the total units outstanding, voted “FOR” the appointment of Robin M. Radke, as a successor trustee of Mesabi Trust.

  • Business Wire6 months ago

    The Trustees of Mesabi Trust Urge Unitholders to Vote in Favor of its Nominee for Successor Trustee at Adjourned Special Meeting

    The Trustees of Mesabi Trust (MSB) today re-affirmed their unanimous support for successor trustee nominee Robin M. Radke to be appointed by unitholders at its adjourned Special Meeting of Trust Certificate Holders, which is scheduled for 11:00 A.M. Central Time, on Wednesday, January 23, 2019 at the offices of Fox Rothschild LLP, 222 South Ninth Street, Suite 2000, Minneapolis, Minnesota 55402 (the “Special Meeting”). The Trustees of Mesabi Trust are continuing to solicit proxies from its Trust Certificate Holders requesting that holders vote “FOR” approval of Proposal 1 for the appointment of Robin M. Radke as an individual trustee of Mesabi Trust to succeed Richard G. Lareau, who is retiring.

  • Business Wire7 months ago

    Mesabi Trust Announces Adjournment of Special Meeting

    The Trustees of Mesabi Trust (MSB) today announced that a quorum was present at its Special Meeting of Trust Certificate Holders, which was convened on December 20, 2018 (the “Special Meeting”), and that the Special Meeting has been adjourned until 11:00 A.M., Central Time, on Wednesday, January 23, 2019 at the offices of Fox Rothschild LLP, 222 South Ninth Street, Suite 2000, Minneapolis, Minnesota 55402 to allow additional time for further solicitation of proxies for the Special Meeting. During the adjournment period, the Trustees of Mesabi Trust will continue to solicit proxies from its Trust Certificate Holders requesting approval of Proposal 1 (the appointment of Robin M. Radke as an individual trustee of Mesabi Trust to succeed Richard G. Lareau, who is retiring) and Proposal 2 (the approval of an amendment to the Agreement of Trust which would increase the minimum compensation payable to each individual Trustee and the Corporate Trustee).

  • Here is What Hedge Funds Think About Mesabi Trust (MSB)
    Insider Monkey7 months ago

    Here is What Hedge Funds Think About Mesabi Trust (MSB)

    A market correction in the fourth quarter, spurred by a number of global macroeconomic concerns and rising interest rates ended up having a negative impact on the markets and many hedge funds as a result. The stocks of smaller companies were especially hard hit during this time as investors fled to investments seen as being […]

  • Business Wire7 months ago

    Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Unitholders Vote “FOR” All of Mesabi Trust’s Proposals

    The Trustees of Mesabi Trust (MSB) today announced that leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”)1 , have recommended that Mesabi Trust Unitholders vote “FOR” all four of the Trustee’s proposals at the Special Meeting of Unitholders scheduled to be held on Thursday, December 20, 2018. Both ISS and Glass Lewis, the two leading independent proxy advisory firms whose recommendations are relied upon by major institutional investment firms and other institutional shareholders, refer to the solid rationale and practices of the Mesabi Trust as factors supporting their FOR recommendations.

  • Business Wire9 months ago

    Mesabi Trust Announces Retirement of Trustee

    The Trustees of Mesabi Trust (NYSE: “MSB”) announced today that Richard G. Lareau, a Trustee of Mesabi Trust since 1989, will be retiring and resigning from his position as a Trustee of Mesabi Trust. Mr. Lareau’s resignation as Trustee of Mesabi Trust will be effective as of the date his successor is appointed by a majority in interest of the Trust Certificate holders at a special meeting called for such purpose. In accordance with the terms of the Mesabi Trust Agreement, the Trustees will call a special meeting of Trust Certificate holders for the purpose of voting to approve a successor trustee and such other matters as the Trustees shall determine.

  • Simply Wall St.10 months ago

    Can Mesabi Trust’s (NYSE:MSB) ROE Continue To Surpass The Industry Average?

    This article is intended for those of you who are at the beginning of your investing journey and want to learn about Return on Equity using a real-life example. MesabiRead More...

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