Mesabi Trust | 10-Q: FY2026 Q3 Revenue: USD 3.59 M

Mesabi Trust announces 34 cents per unit dividend distribution

Mesabi Trust has declared a dividend distribution of $0.34 per unit for unitholders of record as of October 30, 2025. This amount is $0.05 lower than the $0.39 per unit distributed during the same period last year.

Mesabi Trust Initiates Arbitration Against Cleveland-Cliffs Over Idled Operations and Alleged Underpayment of Royalties

Mesabi Trust has filed for arbitration against Cleveland Cliffs Inc. and Northshore Mining Company, seeking damages related to Northshore's operational shutdown from May 2022 to April 2023 and alleged underpayment of royalties on shipments since 2023. The arbitration is with the American Arbitration Association and focuses on the financial arrangements concerning leased mining lands.

Mesabi Trust (NYSE:MSB) Issues Quarterly Earnings Results

Mesabi Trust (NYSE:MSB) reported quarterly earnings of $0.36 per share, with a net margin of 96.23% and a return on equity of 233.00%. The stock traded down to $31.21, with a market cap of $409.41 million. The company recently cut its dividend to $0.12 per share. Institutional investors have increased their holdings, while Wall Street analysts downgraded the stock from "buy" to "hold."

Mesabi Trust | 10-Q: FY2026 Q2 Revenue: USD 5.607 M