DIVIDEND ANNOUNCEMENT: Units Ben. Int./Mesabi Trust (NYSE:MSB) on 07/13/2020 declared a dividend of $0.0500 per share

Units Ben. Int./Mesabi Trust (NYSE:MSB) on 07/13/2020 declared a dividend of $ 0.0500 per share payable on August 20, 2020 to shareholders of record as of July 30, 2020. Dividend amount recorded is a decrease of $ 0.51 from last dividend Paid.

Units Ben. Int./Mesabi Trust (NYSE:MSB) has paid dividends since 1990, has a current dividend yield of 12.6303596497% and has increased its dividends for 3 successive years.

Units Ben. Int./Mesabi Trust's market cap is $ 226,451,200 and has a PE ratio of 8.46. The stock price closed yesterday at $ 17.26 and has a 52 week low/high of $ 9.76 and $ 31.50.

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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