DIVIDEND ANNOUNCEMENT: Units Ben. Int./Mesabi Trust (NYSE:MSB) on 10/11/2019 declared a dividend of $0.8700 per share

Units Ben. Int./Mesabi Trust (NYSE:MSB) on 10/11/2019 declared a dividend of $ 0.8700 per share payable on November 20, 2019 to shareholders of record as of October 30, 2019. Dividend amount recorded is an increase of $ 0.66 from last dividend Paid.

Units Ben. Int./Mesabi Trust (NYSE:MSB) has paid dividends since 1990, has a current dividend yield of 14.8409891129% and has increased its dividends for 2 successive years.

Units Ben. Int./Mesabi Trust's market cap is $ 297,036,800 and has a PE ratio of 7.58. The stock price closed yesterday at $ 22.64 and has a 52 week low/high of $ 21.55 and $ 32.50.

Mesabi Trust is a trust that holds all of the interests formerly owned by Mesabi Iron Company. The principal assets of Co. consist of two different interests in certain properties in the Mesabi Iron Range: Co.'s interest as assignor in the Amended Assignment of Peters Lease and the Amended Assignment of Cloquet Lease in St. Louis County, MN (the Peters Lease Lands and the Cloquet Lease Lands, respectively); and Co.'s ownership of the entire beneficial interest in the Mesabi Land Trust, which has a 20% interest as fee owner in the Peters Lease Lands and a 100% fee ownership in certain non-mineral-bearing lands adjacent to the Peters and Cloquet Lease Lands.

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