After the bell on Tuesday, the Mesabi Trust (NYSE:MSB) declared its quarterly dividend of 12.5 cents per share, a decrease of about 80% from its previous dividend. Based on the current stock price, investors can expect a yield of about 1.4% going forward.
Shares of MSB were sharply lower on the news, falling more than 8% so far.
In other dividend news, Caterpillar (NYSE:CAT) maintained its quarterly dividend of 44 cents per share. Carnival (NYSE:CCL) maintained its quarterly dividend of 25 cents per share. Eaton Vance (NYSE:EV) maintained its quarterly dividend of 18 cents per share. And Adtran Incorporated (NASDAQ:ADTN) maintained its quarterly dividend of 9 cents per share.
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