After the bell on Tuesday, the Mesabi Trust (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 (CAT) maintained its quarterly dividend of 44 cents per share. Carnival (CCL) maintained its quarterly dividend of 25 cents per share. Eaton Vance (EV) maintained its quarterly dividend of 18 cents per share. And Adtran Incorporated (ADTN) maintained its quarterly dividend of 9 cents per share.
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