Mesabi Trust
MSBBasic Materials · Stock · quarterly payer
Forward Yield
3.65%
Annual Dividend
$0.89
Payout Ratio
111%
5-Yr Growth
-4.0%
Ex-Date
Jul 30, 2026
Frequency
Quarterly
Summary
As of July 2026, Mesabi Trust (MSB) yields 3.65% ($0.89 per share annually), with a blended fair-value estimate of $30.48 — +25% upside, so it screens as undervalued. Dividend safety grade: C (53/100). 1 years of dividend growth.
Is MSB a good dividend stock?
MixedMesabi Trust (MSB) pays a quarterly dividend yielding 3.65% ($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 (111%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.65%
- Payout Ratio
- 111%
- Annual Dividend
- $0.89
- 5-Yr Avg Growth
- -4.0%
- Ex-Dividend Date
- Jul 30, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 0.30
- Market Cap
- $314.2M
- P/E Ratio
- 28.2
- 5-Yr Total Return
- -26%
- 52-Week Range
- $23.56 – $42.38
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
MSB Price — Last 12 Months
Daily close
Price Return
1 Year
-21%
3 Years
+32%
5 Years
-26%
52-Week Range
$23.56 – $42.38
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MSB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Mesabi Trust is $30.48 per share, versus a market price of $24.40. That implies 25% of upside — a margin of safety of about 20%.
Fair Value
$30.48
Current Price
$24.40
Upside
+25%
Margin of Safety
20%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 19.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 19.1% stage-1 growth, 2.5% terminal growth, $0.86 EPS, $0.89 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MSB Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 30, 2026 | — | $0.2400 | regular |
| Jan 30, 2026 | — | $0.2600 | regular |
| Oct 30, 2025 | — | $0.3400 | regular |
| Jul 30, 2025 | — | $0.1200 | regular |
| Apr 30, 2025 | — | $0.5600 | regular |
| Jan 30, 2025 | — | $5.9500 | regular |
| Oct 30, 2024 | — | $0.3900 | regular |
| Jul 30, 2024 | — | $0.3000 | regular |
| Apr 29, 2024 | — | $0.2900 | regular |
| Jan 29, 2024 | — | $0.3700 | regular |
| Oct 27, 2023 | — | $0.3500 | regular |
| Jul 28, 2022 | — | $0.8400 | regular |
| Apr 28, 2022 | — | $1.0400 | regular |
| Jan 27, 2022 | — | $1.7500 | regular |
Income Calculator
At $0.89 / yr per share
