Our analysis is based on comparing Mesabi Trust with the following peers – Dominion Resources Black Warrior Trust, Marine Petroleum Trust, Applied Industrial Technologies, Inc. and MSC Industrial Direct Co., Inc. Class A (DOMR-US, MARPS-US, AIT-US and MSM-US).
Dividend Quality Overview
- Over the last twelve months (prior to April 30, 2017), MSB-US paid a high quality dividend, which represents a yield of 1.88% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 3 were high quality and 2 were low quality.
- The ending cash balance, with a dividend coverage of 1.47x, provides a moderate cushion in case of a significant reduction of cash flows in the future.
Quadrant label definitions. Hover to know more
Over the last twelve months (prior to April 30, 2017), MSB-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 1.42x), investing cash flow (coverage of 0.03x), issuance cash flow (coverage of 0x) and twelve-month prior cash (coverage of 1.01x), for a total dividend coverage of 2.47x.
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||10.52||7.67||10.36||15.45||4.01||6.17|
|Dividend Payout (%)||108.3||144.86||85.81||282.21||12.28||28.38|
A complete list of metrics and analysis is available on the company page.
Mesabi Trust operates as a royalty trust. It holds interest in Peter Mitchell iron mine located near Babbitt, Minnesota at the Eastern end of the Mesabi iron range. The company was founded on July 18, 1961 and is headquartered in New York, NY.
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