Mesabi Trust: A 12% Dividend With A Positive Outlook On Iron Ore [Seeking Alpha]
Mesabi Trust (MSB)
US:NYSE Investor Relations:
mesabi-trust.com
Company Research
Source: Seeking Alpha
Summary Mesabi Trust is a commodity royalty stock that currently has a high forward dividend yield of around 12%. Supply-Demand fundamentals indicate that iron prices will be stable in the short-run but could appreciate considerably in the long-run. Because of its high dividends, Mesabi Trust has generally outperformed the major iron-mining stocks. Ongoing litigation between Mesabi and its operator Cleveland-Cliffs over royalty payments could create some short-term volatility and potential upside. It seems best to use Mesabi's dividends to accumulate units before the next bullish super-cycle in commodity prices. Similar to most commodity royalty stocks, Mesabi Trust ( MSB CLF As you can see below, the price of MSB and iron ore are tightly correlated via MSB's dividend: On a TTM basis, Mesabi has a dividend yield of about 15%, but iron ore prices have slipped recently so the forward yield is 11.85% Production growth has been slow over the past decade due to low prices and low demand, b
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Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form 10-K
- 4/16/24 - Form 8-K
- MSB's page on the SEC website