SmarterDividends
MSB

Mesabi Trust

MSB

Basic Materials · Steel · Stock · quarterly payer

$18.07

Fairly valued · +9% Add to Portfolio

Forward Yield

4.93%

Annual Dividend

$0.89

Payout Ratio

180%

5-Yr Growth

-4.0%

Ex-Date

Jul 30, 2026

Frequency

Quarterly

Key facts about MSB's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Mesabi Trust (MSB) has a forward dividend yield of 4.93%, based on an annual dividend of $0.89 per share and a share price of $18.07.
  • As of Oct 27, 2026, MSB's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
  • MSB last cut its regular dividend in 2025.
  • MSB's most recent ex-dividend date was Jul 30, 2026, for a dividend of $0.0500 per share.
  • As of Oct 27, 2026, MSB pays out 180% of its trailing 12-month earnings as dividends (its payout ratio).
  • MSB's dividend has shrunk at an average rate of 4.0% a year over the past five years.
  • As of Oct 27, 2026, MSB's 4.93% yield is 57% below its five-year average yield of 11.34%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for MSB is $19.75 per share, 9% above the $18.07 share price, so MSB screens as fairly valued.
  • Mesabi Trust (MSB) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "MSB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/MSB

Summary

As of Oct 27, 2026, Mesabi Trust (MSB) yields 4.93% ($0.89 a year per share) and has a dividend safety grade of C (57/100).

Is MSB a good dividend stock?

Mixed

Mesabi Trust (MSB) pays a quarterly dividend yielding 4.93% ($0.89/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2025
    • Elevated payout ratio (180%)
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    4.93%
    Payout Ratio
    180%
    Annual Dividend
    $0.89
    5-Yr Avg Growth
    -4.0%
    Ex-Dividend Date
    Jul 30, 2026
    Years of Growth
    1
    Frequency
    quarterly
    Beta
    0.33
    Market Cap
    $237.1M
    P/E Ratio
    36.9
    5-Yr Total Return
    -23%
    52-Week Range
    $17.25 – $42.38
    Dividend Safety
    C · 57/100
    Ever Cut?
    Yes (2025)

    MSB dividend changes

    Mesabi Trust (MSB) pays a variable dividend: across the 125 payments on record since 1973, 46 were higher than the one before and 22 lower. The latest change was down 79.2% to $0.0500 per share, going ex-dividend on Jul 30, 2026.

    Ex-dateChangeOld → newMove
    Jul 30, 2026Lower$0.240 → $0.0500−79.2%
    Apr 30, 2026Higher$0.120 → $0.240+100.0%
    Jul 30, 2025Lower$0.560 → $0.120−78.6%
    Apr 30, 2025Higher$0.390 → $0.560+43.6%
    Oct 30, 2024Higher$0.300 → $0.390+30.0%
    Jul 30, 2024Higher$0.290 → $0.300+3.4%
    Apr 29, 2024Lower$0.370 → $0.290−21.6%
    Jan 29, 2024Higher$0.350 → $0.370+5.7%
    Oct 27, 2023Lower$0.840 → $0.350−58.3%
    Jul 28, 2022Lower$1.04 → $0.840−19.2%
    Apr 28, 2022Lower$1.42 → $1.04−26.8%
    Oct 28, 2021Higher$0.460 → $1.42+208.7%
    Every MSB payment →Download every raise and cut (CSV)
    MSB ex-dividend date & scheduleNext ex-date Jul 30, 2026 · full ex-dividend historyView →MSB dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is MSB a good dividend stock?

    Mixed. Mesabi Trust (MSB) pays a quarterly dividend yielding 4.93% ($0.89/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is MSB undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MSB's fair value is about $19.75 versus a $18.07 share price — so it looks fairly valued (+9% vs. fair value).

    Is MSB's dividend safe?

    MSB has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

    What is MSB's fair value?

    Our blended fair-value estimate for MSB is about $19.75 per share, roughly 9% above the current $18.07 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is MSB a buy, hold, or sell?

    We don't issue formal ratings, but on the data MSB screens as "mixed" and fairly valued. Mesabi Trust (MSB) pays a quarterly dividend yielding 4.93% ($0.89/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will MSB cut its dividend?

    MSB earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does MSB pay a dividend?

    Yes. Mesabi Trust pays a quarterly dividend of about $0.89 per share annually, a forward yield of roughly 4.93%.

    What is MSB's dividend yield?

    As of Oct 27, 2026, MSB's forward dividend yield is 4.93%, based on a $0.89 annual dividend and a $18.07 share price.

    What is MSB's dividend per share?

    As of Oct 27, 2026, MSB pays $0.89 per share per year, distributed on a quarterly basis.

    What is MSB's dividend payout ratio?

    As of Oct 27, 2026, MSB's payout ratio is 180% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has MSB grown its dividend?

    As of Oct 27, 2026, MSB has increased its dividend for 1 consecutive years.

    When is the next MSB ex-dividend date?

    As of Oct 27, 2026, MSB's next ex-dividend date hasn't been announced. The most recent was Jul 30, 2026, for $0.0500 per share.

    MSB Dividend News

    MSB
    CutMSB·Aug 24, 2026

    Mesabi Trust Cuts Quarterly Distribution to $0.05

    Mesabi Trust reduced its quarterly distribution by 79.17%, with the units carrying a July 30, 2026, ex-dividend date.

    Income Calculator

    At $0.89 / yr per share

    Per payment (quarterly)$22.25
    Annual$89.00
    Monthly avg$7.42

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